Debt

Debt Financing

Overseas education enabler Leverage Edu raises $2-M from Trifecta Capital

Business World  

New Delhi-based foreign university admissions platform Leverage Edu has raised USD 2 million in a debt financing round from venture debt firm Trifecta Capital. The funds will be used to fuel the company's growth and make further inroads into the interiors of India. With the closure of this round of investment, Leverage Edu has so far raised over USD 10 million, with this being the company's first debt raise. Earlier this year, it had raised USD 6.5 million as part of its Series A funding, which was led by Tomorrow Capital and backed by existing investors Blume Ventures and DSG Consumer Partners. Leverage Edu also counts angels like Goqii founder Vishal Gondal, Saama Capital managing partner Ash Lilani, and Pine Labs CEO Amrish Rau among its other investors.