Leap, a company that helps students study abroad by providing financial and professional support, has secured $55 million in a Series C investment led by Owl Ventures.
Harvard Management Company, as well as returning investors Jungle Ventures and Sequoia Capital India, took part in the round. This startup has already raised more than $75 million in total funding.
Sharing his views on funding Vaibhav Singh, Co-founder, Leap, said, “We have seen an unprecedented demand from students to move abroad this year as international borders open post-Covid. Our community-led approach coupled with a comprehensive product suite for all international student needs is truly differentiated. Not surprisingly we have seen explosive growth.”
Amit Patel, Managing Director, Owl Ventures, said, “Leap is on the trajectory to become the pre-eminent study abroad platform for students. The overseas education market is fragmented where there is no single one-stop solution. Leap is creating a comprehensive platform that addresses all of these preparation and financing needs for students.”
Arnav Kumar, co-founder, Leap said, “We are building products at the intersection of fintech and edtech for global education. In the last 12 months, we have identified and filled key gaps in the international students’ journey.”