Leap, a full-stack international student mobility platform, raised $65 million in primary and secondary equity led by Apis Growth Markets Fund III and Apis Global Growth Fund III. Existing investors including Owl Ventures, Jungle Ventures, and Peak XV Partners took part in the round.
While the company did not disclose its valuation, it was allegedly seeking a valuation of more than $1 billion for this round. The Bengaluru and San Francisco-based company last secured $75 million in a Series D financing, valued at $850-900 million. With this transaction, Leap has received more than USD 200 million in equity since its inception in 2019.
Leap, which owns LeapScholar, LeapFinance, GeeBee, and Yocket, has an online community for study-abroad students. It provides a variety of services, including test preparation (IELTS, TOEFL, and SAT), admissions and visa advice, and financial aid such as foreign student loans.
Leap primarily supports institutes in the United States, Canada, the United Kingdom, and Australia. It claims to have served over 1 million students and collaborated with over 1,000 premier educational institutions globally.
"Students appreciate Leap's comprehensive approach to foreign education. We have grown by five times since our Series D two years ago. Today, Leap is not only India's preferred study-abroad platform, but it is also quickly establishing itself as a global leader, with operations in over ten countries," stated Vaibhav Singh, Co-Founder at Leap.
According to data provided by a credible data platform, Leap and its competitors - including Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz - have raised about USD 500 million in capital in the last 24 months.
