Leverage Edu, an overseas-focused higher education counselling platform, has just raised $40 million in its Series C funding round, led by Educational Testing Service (ETS), an educational testing and assessment organization. This round was also supported by existing investors, including Blume Ventures, DSG Consumer Partners, & Kaizenvest PE.
This new fundraise will help Leverage Edu to strengthen its presence in the US and Australian markets. Additionally, the funding round includes $25 million in equity and $15 million in debt, which values the Noida-based company at around $150 million.
The platform, which was founded in 2017 by Akshay Chaturvedi, provides full-stack services, including counselling, application-admission support, and financing to students pursuing international education. Leverage Edu helps students from India, Nigeria, Nepal, etc. figure out what they should do and where they should be to realize their full potential. It also helps students navigate & assess their journey thus far, matches them to personalized mentors, counsels them towards their higher education dream with an employability lens, and ensures that everyone punches way above their weight to make dreams come alive.
The company has made a few recent advancements, such as launching the ‘Study Abroad with LeverageEdu’ app, foraying into loans and foreign remittances, launching UnivaleyOS, and introducing a financial services arm, Fly Finance. Leverage Edu has also received an FFMC (full-fledged money changers) license from the Reserve Bank of India.
This impressive Series C funding round will be a major boon for Leverage Edu, helping them to continue to provide higher education support to students around the world. For educators, this news highlights the importance and potential of EdTech in the higher education sector. EdTech platforms like Leverage Edu empower teachers to provide personalized and comprehensive support to their students, enabling them to reach their full potential.
