PE Fund Investments
Overseas education enabler Leverage raises $40-M led by ETS: Report
Princeton, USA-based global education testing and assessment organization Educational Testing Service (ETS) has led a new $40 million funding round in the Delhi-based ‘study abroad' platform Leverage Edtech. The equity portion of the round is estimated at USD 25-27 million. The round is reported to value the startup at roughly USD 150 million post-money - a 25% bump from its previous valuation back in March 2022, when Leverage raised USD 22 million from a consortium of funds, family offices and individual angels. Leverage helps students from India, Nigeria and Nepal and other markets to apply to universities abroad. It will use the fresh funds to ramp up its focus on the US higher education market. The company is backed by Blume Ventures, DSG Consumer Partners and Tomorrow Capital.
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