Total amount raised
$73.8 Millions
Latest funding date
Location
Leverage Edu has successfully raised significant funding over multiple rounds, establishing itself as a key player in the education technology sector. The platform offers comprehensive services for students aspiring to study abroad, including admissions guidance, visa assistance, and financial services.
Keep reading to explore the intricacies of Leverage Edu's fundraising journey and the investors backing this innovative platform.
What Is Leverage Edu?
Leverage Edu, founded in 2017 by Akshay Chaturvedi, is a prominent player in the education technology sector. The company offers personalized counseling, application guidance, test preparation, visa assistance, and more to students aspiring to study abroad.
With a presence in India, the UK, the USA, Dubai, Nepal, Nigeria, and Vietnam, Leverage Edu has partnered with over 850 universities and assisted more than 45,000 students. The platform's comprehensive services ensure a high success rate in university admissions.
Although the exact number of employees is not specified, Leverage Edu's extensive reach and robust service offerings highlight its significant impact on the global education landscape.
How Much Funding Has Leverage Edu Raised?
- Seed Round
- Amount Raised: $500K
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and develop the platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2017
- Lead Investors: Anand Sankeshwar, Kashyap Deorah
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and platform development.
- Series A
- Amount Raised: $1.3M
- Date: January 2019
- Lead Investors: Blume Ventures, DSG Consumer Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and user base.
- Venture Round
- Amount Raised: $1.5M
- Date: December 2019
- Lead Investors: Blume Ventures, DSG Consumer Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series A
- Amount Raised: ₹470M
- Date: February 2021
- Lead Investors: Tomorrow Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development.
- Debt Financing
- Amount Raised: $2M
- Date: June 2021
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational scaling.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand and scale operations.
- Series B
- Amount Raised: $22M
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: $120M
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Debt Financing
- Amount Raised: $15M
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational scaling.
- Series C
- Amount Raised: $25M
- Date: July 2023
- Lead Investors: Educational Testing Service (ETS)
- Valuation at Round: $150M
- Motivation Behind the Round: To strengthen presence in the US and Australian markets.
Leverage Edu has raised a total of $67.3M in funding. The current valuation is $150M.
Key Investors
- Educational Testing Service (ETS)
- Details: ETS is a Princeton-based organization known for developing and conducting standardized tests such as TOEFL and GRE. It is a global leader in educational testing and assessment.
- Investment Focus Areas: Educational testing, assessment, upskilling.
- Notable Investments: upGrad, Leverage Edu.
- Blume Ventures
- Details: Blume Ventures is a venture capital firm that invests in early-stage startups. It focuses on nurturing innovative companies in their initial growth phases.
- Investment Focus Areas: Technology startups, consumer internet, healthcare.
- Notable Investments: Unacademy, Dunzo, HealthifyMe.
- DSG Consumer Partners
- Details: DSG Consumer Partners is a private equity firm focusing on consumer businesses. It aims to support companies that cater to the evolving needs of consumers.
- Investment Focus Areas: Food and beverage, personal care, lifestyle.
- Notable Investments: Raw Pressery, Epigamia, Veeba.
- Kaizenvest PE
- Details: Kaizenvest PE is a private equity firm specializing in investments in the education sector. It supports companies that provide educational services and products.
- Investment Focus Areas: Education, edtech, vocational training.
- Notable Investments: Not publicly disclosed.
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides financing solutions to high-growth startups. It aims to bridge the gap between equity and traditional debt.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
What's Next for Leverage Edu?
Leverage Edu stands at the cusp of significant growth opportunities, driven by the increasing demand for international education. With the recent $40 million funding, the company is poised to expand its full-stack services, including UnivaleyOS and Fly Finance, into new markets like the US and Australia. This expansion could potentially tap into a vast student base, enhancing their market presence and service offerings.
Future fundraising efforts are likely to focus on scaling these services and entering new geographical markets. The company's growth trajectory suggests that additional rounds of equity or debt financing could be on the horizon to support these ambitious plans. However, challenges such as intense competition, regulatory hurdles, and maintaining operational efficiency will need to be navigated carefully to sustain this growth.
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