June 23, 2022

Series D Funding Helps Education Company Leap Raise $75 Million

L Leap, an international education company, has raised $75 million in Series D funding, bringing its total equity backing to more than $150 million since its inception in 2019.

Sources in the news say Steadview Capital and Paramark Ventures have joined existing backers Jungle Ventures and Sequoia Capital India in the latest round of funding led by Owl Ventures.

…Leap’s “one-stop approach” – running LeapScholar, LeapFinance, and Yocket – combined with an “overall strong rebound in international student outflows post-covid” has led to exponential growth…

With the capital raised, the study-abroad start-up is now worth nearly $1 billion. Leap raised $55 million in Series C funding in September 2021, following a $17 million Series B round in March. According to Leap, the new investment will allow the one-stop shop to expand access to high-quality global education in "multiple dimensions."

Vaibhav Singh, co-founder of Leap, stated that Leap’s “one-stop approach” – running LeapScholar, LeapFinance, and Yocket – combined with an “overall strong rebound in international student outflows post-covid” has led to exponential growth. He further added, over the next couple of years, more than five million students are expected to cross an international border to fulfil their global dreams.

Leap is not the only company attempting to dominate the market. ApplyBoard was valued at around $120 million in March of this year, and AI platform Cialfo raised $40 million in Series B in January. CollegeDekho raised $35 million in its Series B round in 2021.

Posted in Collaborations and tagged Collaborations, Leap, Steadview Capital, Paramark Ventures, Jungle Ventures, Sequoia Capital India
, Owl Ventures, LeapScholar, LeapFinance, Yocket
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