Total amount raised
$185.6 Million
Latest funding date
1/1/2023
Location
LEAD has successfully raised funds through six different rounds, with the latest being a Debt Financing round. The company is backed by notable investors, including Stride Ventures and Standard Chartered Bank.
Keep reading to explore the intricacies of LEAD's fundraising journey and the investors backing this innovative platform.
What Is LEAD?
LEAD is an EdTech company based in Mumbai, Maharashtra, India, offering integrated digital learning solutions for schools. The company focuses on combining curriculum, pedagogy, and technology to enhance the educational experience for students, teachers, and school administrators.
Founded with the mission to provide quality education, LEAD has grown significantly, employing between 1001 and 5000 people. The company serves over 8,500 schools, engages 3.8 million students, and operates in more than 400 cities.
How Much Funding Has LEAD Raised?
- Debt Financing
- Amount Raised: $19,500,000
- Date: January 2023
- Lead Investors: Alteria Capital, Stride Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the edtech sector.
- Series E
- Amount Raised: $100,000,000
- Date: January 2022
- Lead Investors: GSV Ventures, WestBridge Capital
- Valuation at Round: $1.1 billion
- Motivation Behind the Round: To scale operations, expand market reach, invest in technology, and enhance product offerings.
- Series D
- Amount Raised: $27,300,000
- Date: April 2021
- Lead Investors: GSV Ventures, WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's rapid growth and expansion plans.
- Series C
- Amount Raised: $26,000,000
- Date: August 2020
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand the company's footprint.
- Series B
- Amount Raised: $7,000,000
- Date: September 2019
- Lead Investors: Elevar Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series A
- Amount Raised: $1,000,000
- Date: July 2017
- Lead Investors: Elevar Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the company's initial product offerings.
Total Amount Raised: $180,800,000. Current Valuation: $1.1 billion.
Key Investors
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides financing solutions to high-growth startups in India. They focus on supporting companies with strong business models and growth potential.
- Investment Focus Areas: Technology, Consumer, Healthcare, Financial Services
- Notable Investments: LEAD, Dunzo, Lendingkart
- Stride Ventures
- Details: Stride Ventures is a venture debt firm that offers customized debt solutions to startups in India. They aim to bridge the gap between equity and traditional debt financing.
- Investment Focus Areas: Technology, Consumer, Healthcare, Financial Services
- Notable Investments: LEAD, Pocket Aces, Miko
- GSV Ventures
- Details: GSV Ventures is a venture capital firm that invests in the education technology sector. They focus on companies that are transforming the education landscape through innovative solutions.
- Investment Focus Areas: Education Technology (EdTech)
- Notable Investments: Coursera, ClassDojo, MasterClass
- WestBridge Capital
- Details: WestBridge Capital focuses on investing in high-growth companies in India and South Asia. They typically invest in sectors such as technology, consumer, financial services, and healthcare.
- Investment Focus Areas: Technology, Consumer, Financial Services, Healthcare
- Notable Investments: Byju's, PolicyBazaar, Star Health
- Elevar Equity
- Details: Elevar Equity is a venture capital firm that invests in transformative and scalable businesses focused on underserved customers. They aim to create impact through their investments.
- Investment Focus Areas: Financial Services, Education, Healthcare, Agriculture
- Notable Investments: LEAD, Ujjivan, Varthana
What's Next for LEAD?
LEAD's future is brimming with opportunities, driven by its recent $100 million funding and unicorn status. The company aims to innovate its product and curriculum, expand its footprint, and hire top talent. With a focus on providing quality education to over 25 million students, the potential for growth is immense.
Future fundraising seems promising, given the strong market confidence and the company's rapid growth. LEAD's ambition to expand internationally and serve lower-fee schools could attract further investments. However, challenges such as scaling operations, maintaining quality, and navigating competitive pressures in the edtech market remain.
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