Total amount raised
$317.4 Million
Latest funding date
3/1/2025
Location
Leap has successfully raised $200 million over seven funding rounds, with its latest round being a Debt Financing led by HSBC. The platform offers a comprehensive suite of services for students aspiring to study abroad, including university shortlisting, securing finances, and test preparation.
With a diverse group of ten investors backing its mission, Leap continues to expand its resources and support for international higher education opportunities. Keep reading to explore the intricacies of Leap's fundraising journey and the investors backing this innovative platform.
What Is Leap?
Leap is a private company based in Bengaluru, Karnataka, India, operating in the consulting, EdTech, education, and higher education industries. The company has between 501-1000 employees and provides a platform for students aspiring to study abroad.
Leap offers a range of services, including university shortlisting, securing finances, and test preparation. The company has successfully helped over 150,000 students secure admissions and has disbursed over ₹1,000 Cr in loans. Leap also operates multiple centers in India and international offices in Singapore and UAE.
How Much Funding Has Leap Raised?
- Debt Financing
- Amount Raised: $100,000,000
- Date: March 2025
- Lead Investors: HSBC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand lending portfolio, extend services in the U.S., form new university partnerships, and deepen presence in India.
- Series E
- Amount Raised: $65,000,000
- Date: January 2025
- Lead Investors: Apis Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services to more US states, enhance university partnerships, and deepen presence in India.
- Series D
- Amount Raised: $75,000,000
- Date: June 2022
- Lead Investors: Owl Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel product stack and further growth initiatives.
- Series C
- Amount Raised: $55,000,000
- Date: September 2021
- Lead Investors: Owl Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance service offerings.
- Series B
- Amount Raised: $17,000,000
- Date: March 2021
- Lead Investors: Jungle Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Series A
- Amount Raised: $5,500,000
- Date: March 2020
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop core services.
Total Amount Raised: $317,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- HSBC
- Details: HSBC is a global banking and financial services organization headquartered in London. It provides a wide range of financial products and services, including personal, commercial, and investment banking.
- Investment Focus Areas: Financial services, debt funding, wealth management.
- Notable Investments: $100 million debt funding to Leap Finance.
- Apis Partners
- Details: Apis Partners is a private equity asset manager based in London, focusing on financial services in growth markets. They specialize in providing capital to companies in emerging markets.
- Investment Focus Areas: Financial services, fintech, growth-stage companies.
- Notable Investments: $65 million funding round for Leap Finance.
- Owl Ventures
- Details: Owl Ventures is a venture capital firm that invests in education technology companies. They focus on early to growth-stage investments in the education sector.
- Investment Focus Areas: Education technology, early-stage investments, growth-stage investments.
- Notable Investments: Investments in various ed-tech companies, including Leap Finance.
- Jungle Ventures
- Details: Jungle Ventures is a venture capital firm based in Singapore. They invest in early to growth-stage companies across Southeast Asia and India.
- Investment Focus Areas: Early-stage companies, growth-stage companies, Southeast Asia, India.
- Notable Investments: Investments in diverse sectors, including Leap Finance.
- Peak XV Partners
- Details: Formerly known as Sequoia Capital India, Peak XV Partners is a venture capital firm. They focus on early to growth-stage investments across various sectors, including technology and consumer.
- Investment Focus Areas: Technology, consumer sectors, early-stage investments, growth-stage investments.
- Notable Investments: Investments in high-growth companies, including Leap Finance.
What's Next for Leap?
Leap is poised to capitalize on significant opportunities in the international education sector. With a $100 million debt facility from HSBC, the company plans to expand its services to more U.S. states, increase university partnerships, and deepen its presence in India. This funding will enable Leap to support more students in their pursuit of international education, leveraging its unique loan products based on future earning potential.
Future fundraising opportunities appear promising, with potential for additional debt or equity rounds to support further expansion. Leap's recent $65 million Series E equity raise and total fundraising of over $400 million highlight strong investor confidence. The company may also explore strategic acquisitions to enhance its service offerings and market reach.
However, Leap faces challenges such as managing credit risk, navigating regulatory requirements in new markets, and maintaining investor confidence amidst a slow-growing edtech sector. Competition from other education loan providers and economic fluctuations affecting students' ability to repay loans are additional hurdles. Despite these challenges, Leap's comprehensive service offerings and strategic growth plans position it well for continued success.
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