Edtech Firm Leap Secures $65 Million in Series E Funding

Edtech platform Leap Finance has successfully raised $65 million (approximately INR 540-545 crore) in a Series E funding round led by London-based private equity firm Apis Partners. This round included both primary and secondary transactions and saw participation from existing investors Owl Ventures, Jungle Ventures, and Peak XV Partners.
Founded in 2019, Leap operates a comprehensive suite of services through LeapScholar, LeapFinance, GeeBee, and Yocket, catering to Indian students aspiring to study abroad. The platform offers test preparation for exams such as IELTS, TOEFL, and SAT, along with admissions and visa counseling. Additionally, it provides financial services, including international student loans. Headquartered in Bengaluru and San Francisco, the company last raised $75 million in its Series D round, which valued the firm between $850-900 million. With this latest funding, Leap has now secured over $200 million in equity financing since its inception.
Co-Founder Vaibhav Singh underscored the company’s rapid growth, stating, “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.” Arnav Kumar, Leap’s co-founder, reiterated the company’s commitment to innovation, adding, “Ensuring student success is why we exist, and the AI revolution we are seeing today will allow us to deepen our offerings at a faster pace.”
Leap claims to have supported over one million students and established partnerships with more than 1,000 educational institutions worldwide. The company primarily serves students aiming for higher education in the US, Canada, the UK, and Australia.
Matteo Stefanel, Co-Founder and Managing Partner at Apis Partners, expressed confidence in Leap’s mission, stating, “Leap is using technology to not only help students find and access the right educational opportunities but also equip them with the tools to succeed. We believe Leap’s mission aligns closely with Apis’ commitment to driving financial inclusion.”