Global study-abroad platform Leverage Edu said it has raised $22 million as a part of a fresh round of funding that saw participation from a consortium of funds, family offices, and individual angels.
The round values Leverage Edu at roughly $120 million.
Investors participating in the round included Kaizenvest Private Equity, DSP Mutual Fund Group, Artha India Ventures, UAE-based NB Ventures, and 9Unicorns. Existing investors including Blume Ventures, DSG Consumer Partners, and Tomorrow Capital, also participated.
Chona Group (the company behind Havmor), consumer goods player Vicco, Mankind Pharma, and other family offices joined the round along with Trifecta Ventures and Bennett Coleman (The Times Group), the company said.
The round also saw prominent startup founders including Cred’s Kunal Shah, BookMyShow’s Ashish Hemrajani, True North partner Haresh Chawla, Lenskart’s Peyush Bansal, and ShareChat’s Farid Ahsan invest in the company.
Leverage Edu said it would use the funds to grow in existing geographies of Australia, India, and Nigeria to bolster its student network and look at an initial launch in new countries, including the US.
Founded in April 2017, Leverage Edu’s core business helps prominent universities onboard students from emerging economies.
For students, it has built a technology-led counseling platform that gives them a one-stop dashboard for their entire study-abroad journey.
At present, the company has onboarded more than 400 universities globally on its platform. In September 2021 Leverage Edu had announced that it had opened an office in the United Kingdom.
It also opened an office in Australia last week to build products for streamlining admissions, marketing automation, and to better serve universities in these regions.
The company claims it has placed over 12,000 students across various global universities to date.
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