World study-abroad platform, Leverage Edu Raises $22 million
World study-abroad platform Leverage Edu stated it has raised $22 million as part of a recent spherical of funding that noticed participation from a consortium of funds, household places of work, and particular person angels.
The spherical values Leverage Edu at roughly $120 million.
Buyers collaborating within the spherical included Kaizenvest Personal Fairness, DSP Mutual Fund Group, Artha India Ventures, UAE-based NB Ventures, and 9Unicorns. Current traders together with Blume Ventures, DSG Client Companions, and Tomorrow Capital, additionally participated.
Chona Group (the corporate behind Havmor), shopper items participant Vicco, Mankind Pharma, and different household places of work joined the spherical together with Trifecta Ventures and Bennett Coleman (The Occasions Group), the corporate stated.
The spherical additionally noticed distinguished startup founders together with Cred’s Kunal Shah, BookMyShow’s Ashish Hemrajani, True North accomplice Haresh Chawla, Lenskart’s Peyush Bansal, and ShareChat’s Farid Ahsan put money into the corporate.
Leverage Edu stated it will use the funds to develop in current geographies of Australia, India, and Nigeria to bolster its scholar community and take a look at an preliminary launch in new international locations, together with the US.
Based in April 2017, Leverage Edu’s core enterprise helps distinguished universities onboard college students from rising economies.
For college students, it has constructed a technology-led counseling platform that provides them a one-stop dashboard for his or her whole study-abroad journey.
At current, the corporate has onboarded greater than 400 universities globally on its platform. In September 2021 Leverage Edu had introduced that it had opened an workplace in the UK.
It additionally opened an workplace in Australia final week to construct merchandise for streamlining admissions, advertising and marketing automation, and to higher serve universities in these areas.
The corporate claims it has positioned over 12,000 college students throughout varied world universities thus far.
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