Leap Secures $65 Million in Latest Funding Round
Leap, a comprehensive international student mobility platform, has successfully raised $65 million through a combination of primary and secondary equity funding. The financing round was spearheaded by Apis Growth Markets Fund III along with Apis Global Growth Fund III. Other notable investors like Owl Ventures, Jungle Ventures, and Peak XV Partners also took part in this investment round.
Startup Superb first broke the news regarding Leap’s forthcoming funding back in July of last year.
Although the company did not reveal its current valuation, it was reported that Leap was pursuing a valuation exceeding $1 billion during this funding round. Previously, the Bengaluru and San Francisco-based company raised $75 million in its Series D round, achieving a valuation of between $850 million and $900 million.
With this latest investment, Leap has now accumulated over $200 million in equity since its establishment in 2019.
Services Offered by Leap
Leap operates several platforms, including LeapScholar, LeapFinance, GeeBee, and Yocket. It serves as a vibrant online community for students aspiring to study abroad, offering a wide range of services such as:
- Test preparation for IELTS, TOEFL, and SAT
- Admissions guidance
- Visa counseling
- Financial support, including international student loans
Leap predominantly focuses on educational institutions in the US, Canada, UK, and Australia. The platform claims to have assisted more than 1 million students and has collaborated with over 1,000 top-tier educational institutions globally.
According to Vaibhav Singh, co-founder of Leap, students appreciate Leap’s all-in-one strategy for their international education needs. The company has experienced a remarkable fivefold growth since their Series D round two years ago. Leap is not only the preferred study-abroad platform in India but is also swiftly solidifying its position as a global leader, extending its operations into more than 10 countries.
Data collected from various sources indicates that Leap, alongside its competitors—such as Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz—has collectively acquired around $500 million in funding over the past two years.