Leap is an Edtech startup that raised 65 million USD from Apis Growth Markets Fund III and Apis Global Growth Fund III in its mix of primary and equity funding rounds. The funding round saw the participation of the firm’s new and existing investors including Owl Ventures, Peak XV Partners, and Jungle Ventures. The startup offers assistance to students pursuing education abroad.
The company plans to use these fresh proceeds to scale its operations, improve its services, and develop its brand presence. The firm offers a platform to provide solutions to simplify the study abroad process. Leap also provides services including counseling, application support, and course selection. The company collaborates with experts to offer test preparation for global exams like IELTS, SAT, and TOEFL. The edtech firm planned to achieve a $1 billion valuation during this funding round.
Since its inception, the company has secured around 200 million USD across multiple funding rounds, including $75 million raised from Owl Ventures, Steadview, and other investors during its series D funding round at a valuation of $900 million. Leap previously received an investment of $55 million during its series C funding round from several investors including Harvard University. The firm has over 22 institutional investors including Peak XV partners, Jungle Ventures, and Sequoia Capital.
The Bengaluru-based edtech platform also provides financial support for international studies. Leap also offers an online community for study-aboard aspirants to discuss among themselves. The company competes with other student mobility platforms like Auxilo, Propelled, Eduvanz, and Financepeeper. This latest funding round highlights the investor’s trust in Leap’s market potential and business model in this sector. The startup increased the number of students who benefitted from its services to 1 million.
The company plans to use some of this investment and expand its operations in 10+ countries. The edtech firm mainly focuses on institutes in Australia, Canada, the US, and the UK. This investment will enable the startup to enhance its services by leveraging cutting-edge and advanced technologies. The development came after the edtech sector saw an increased investor interest. Leap provides its services by partnering with over 1000 top educational institutions globally. The edtech firm aims to strengthen its position in the global edtech market.
Conclusion :
Edtech company Leap secured $65 million from Abis Global Growth Fund III and Apis Growth Markets Fund III in its equity funding round. The round had the participation of the firm’s existing investors including Jungle Ventures and Peak XV Partners. The startup might use some of this fresh capital to expand its business, scale its operations, and enhance its platform.
The company aims to establish itself as a global leader while scaling operations in more than ten countries. The company offers an online platform to provide financial support and assistance to students pursuing education in foreign countries. Leap securing this amount highlights the investor interest in the firm’s market potential.
Niraj Kumar is the Founder and CEO of Scoopearth, bringing over 13 years of experience across diverse domains, including journalism, content marketing, digital marketing, startup mentoring, and business coaching. His extensive background and leadership have made a significant impact in these areas, helping startups grow and succeed in a competitive landscape.
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