Leap, a full-stack international student mobility platform, has raised $65 million in a mix of primary and secondary equity led by Apis Growth Markets Fund III and Apis Global Growth Fund III. Other investors who have invested in this round include existing investors Owl Ventures, Jungle Ventures, and Peak XV Partners. Entrackr was the first to report on Leap’s upcoming funding in July last year.
While the company did not disclose its valuation, it was reportedly seeking a valuation of over $1 billion in this round. The Bengaluru and San Francisco-based firm last raised $75 million in its Series D round at a valuation of $850-900 million. This funding brings the equity raised since its inception in 2019 to over $200 million.
It operates LeapScholar, LeapFinance, GeeBee, and Yocket, runs an online community for study-abroad aspirants. It offers a range of services, including test preparation (IELTS, TOEFL, SAT), admissions and visa counseling, and financial support such as international student loans.
It focuses mainly on the US, Canada, UK, and Australia institutes. The company claims to have taught over 1 million students and collaborated with more than 1,000 leading educational institutions across the globe.
Vaibhav Singh and Arnav Kumar, Leap co-founders of Leap
Picture Courtesy: www.business-standard.com
“Students love Leap’s one-stop approach to their international education needs. We have witnessed 5x growth since our Series D two years ago. Today, it is not only the study-abroad platform of choice in India but is also rapidly establishing itself as a global leader, scaling operations in 10+ countries,” said Vaibhav Singh, co-founder of Leap.
According to data compiled by TheKredible, the competitors do consist, such as Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz, have collectively raised about $500 million in funding over the last 24 months.
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