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Leap, a full-stack international student mobility platform, has raised $65 million through a mix of 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, also participated in the round.
Entrackr was the first to report on Leap’s upcoming funding in July last year.
While the company did not disclose its valuation, it was reportedly seeking a valuation of over $1 billion in this round. The Bengaluru and San Francisco-based firm last raised $75 million in its Series D round at a valuation of $850-900 million.
With this funding, Leap has now raised over $200 million in equity since its founding in 2019.
Leap, which operates LeapScholar, LeapFinance, GeeBee, and Yocket, runs an online community for study-abroad aspirants. It offers a range of services, including test preparation (IELTS, TOEFL, SAT), admissions and visa counseling, and financial support such as international student loans.
Leap primarily focuses on institutes in the US, Canada, UK, and Australia. It claims to have served over 1 million students and partnered with more than 1,000 top educational institutions worldwide.
"Students love Leap’s one-stop approach to their international education needs. We have witnessed 5x growth since our Series D two years ago. Today, Leap is not only the study-abroad platform of choice in India but is also rapidly establishing itself as a global leader, scaling operations in 10+ countries," said Vaibhav Singh, co-founder of Leap.
Data compiled by TheKredible shows that Leap and its competitors—including Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz—have collectively secured approximately $500 million in funding over the past 24 months.