- Companies
- Leap
Last Leap valuation
$900M
Series D · Jun 2022
Last Leap funding round
$65M
Series E · Jan 2025
Cumulative funding Leap raised
$218M
across 5 funding rounds
Key investors in Leap
Peak XV Partners
Jungle Ventures
Owl Ventures
Kunal Shah
Steadview Capital
Apis Partners
About Leap
Leap is an education technology firm assisting Indian students with overseas university applications. Services encompass university shortlisting, IELTS and SAT preparation courses, financial aid planning, visa processing support, and statement of purpose evaluations. Counselors guide applicants to institutions in the United States, United Kingdom, Canada, and Australia. Leap operates from Bangalore, India, and supports thousands of students annually in securing admissions abroad.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services, Embedded Finance
Valuation
$900M (Jun 2022)
Leap Valuation
Leap is currently valued at $900M, based on its Series D in June 2022.
The $75M round was led by Owl Ventures, with participation from Steadview Capital, Jungle Ventures, Paramark Ventures and Peak XV Partners.
Leap valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Series D | $900M |
Leap Funding History
Leap has raised a total of $218M across 5 funding rounds.
Leap's first fundraising round was a $6M Series A in March 2020. The most recent completed round was a $65M Series E in January 2025.
Leap funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Series E | Apis Partners (lead); Owl Ventures; Jungle Ventures; Peak XV Partners | $65M | - | Leap, a Bengaluru-headquartered global education platform (owning LeapScholar, LeapFinance, GeeBee, and Yocket), raised $65 million in a Series E funding round on January 29, 2025, led by Apis Partners with participation from existing investors Owl Ventures, Jungle Ventures, and Peak XV Partners. The round consisted of primary and secondary equity, bringing total equity raised since 2019 to over $200 million. The funds will support AI-enhanced product development, expansion into 10+ international markets, and strategic acquisitions. Co-founders reported 5x growth since the Series D ($75 million in 2022 led by Owl Ventures), with over 1 million students served and partnerships with 1,000+ institutions. The platform offers counseling, visa services, education loans, and financial products combining AI tools with human expertise for international student mobility. Leap achieved EBITDA positivity in FY24 (last year relative to the January 2025 round), driven by geographic expansion, broader program offerings (undergraduate and postgraduate), and platform scaling. Prior rounds include Series C ($55 million in 2021) and Series B ($17 million). Apis Partners highlighted Leap's embedded finance model for financial inclusion in global education. |
| Jun 2022 | Series D | Owl Ventures (lead); Steadview Capital; Jungle Ventures; Paramark Ventures; Peak XV Partners | $75M | $900M | - |
| Sep 2021 | Series C | Owl Ventures (lead); Harvard Management Company; Jungle Ventures; Peak XV Partners | $55M | - | Leap is a San Francisco- and Bangalore-based overseas education platform operating LeapFinance and LeapScholar, providing counseling, visa services, education loans, test preparation, and financial products for international students, primarily from South Asia. Founded in 2019, it raised $55 million in Series C funding on September 9, 2021, led by Owl Ventures, with participation from Harvard Management Company, Jungle Ventures, and Sequoia Capital India (now Peak XV Partners), bringing total equity capital raised to over $75 million following a $17 million Series B in March 2021. The funds were intended to capture market share in India amid explosive demand, expand product lines including credit cards and internship support, hire 500 employees, and scale to serve students pursuing education in 20 countries across regions like the Middle East and Southeast Asia. At the time of the round, Leap had built a community of over 1 million students who advise each other and explore study abroad options, helped over 60,000 students in the prior 18 months with its strongest fall season, and demonstrated strong growth in community (adding 100,000 students monthly), test preparation app popularity, and core financial services. The company addressed fragmentation in the overseas education market by offering a one-stop solution for preparation, college targeting, financing, and career support, positioning itself at the intersection of fintech and edtech. Leap competed with other education loan providers like Eduvanz and planned international expansion beyond India, Canada, UK, and Australia. Owl Ventures, the world's largest edtech-focused VC with over $1.3 billion in assets under management, highlighted Leap's trajectory to become the preeminent study abroad platform. Subsequent rounds included a Series D of $75 million in 2022 led by Owl Ventures and a Series E of $65 million led by Apis Partners, bringing total equity to $210 million. |
| Mar 2021 | Series B | Jungle Ventures (lead); Owl Ventures; Peak XV Partners | $17M | - | Leap is an education financing platform helping students from emerging markets access loans for US and UK universities. In March 2021, Leap raised $17 million in its Series B funding round led by Jungle Ventures, with participation from Owl Ventures and Peak XV Partners. The funds were intended to scale operations and increase market reach. Leap continued raising capital in subsequent rounds, including a $55 million Series C in September 2021 led by Owl Ventures and a $75 million Series D in June 2022. |
| Mar 2020 | Series A | Peak XV Partners (lead); Bhupinder Singh; Kunal Shah | $6M | - | - |
Who has invested in Leap?
9 investors have backed Leap across its funding rounds, including Peak XV Partners, Jungle Ventures, Owl Ventures, Kunal Shah, Steadview Capital and Apis Partners.
Lead investors include Apis Partners, Owl Ventures, Jungle Ventures and Peak XV Partners.
Leap Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Mar 2020 | ||
| 4 | Lead | Mar 2021 | ||
| 4 | Lead | Mar 2021 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Jun 2022 | ||
This data is available for Pro users. Sign up to see all 9 Leap investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLeap Competitors
Leap competitors include listed companies like Coursera and Jiangsu Chuanzhiboke, and private ones like Ruangguru, Huikedu Group, Knowbox and Vedantu.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $830M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $65M | - | $1B | 15.4x | ||
| Publicly listed | $758M | ($49M) | $1.4B | 0.3x | ||
| Publicly listed | $57M | ($7M) | $540M | 6.3x |
Leap Public Comps
Leap is still privately-owned, but its public comps include Cogna Educação, Taaleem Holdings, Phoenix Education, American Public Education, Lincoln Educational Services, AcadeMedia, HUMANSOFT Holding, Emirates Mobility Company, Stadio Holdings and China Education.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | $455M | 1.4x | 1.3x | 4.3x | 4.2x | |||
| $295M | $84M | 4.4x | 3.6x | 15.4x | 14.3x | |||
| $1B | $194M | 0.8x | 0.8x | 4.1x | 3.2x | |||
| $649M | $64M | 1.1x | 1.1x | 11.6x | 7.8x | |||
| $518M | $49M | 1.9x | 1.7x | 20.4x | 13.3x | |||
| $2B | $444M | 1.2x | 1.1x | 5.5x | 5.3x | |||
| $252M | $134M | 3.4x | 3.5x | 6.4x | 7.4x | |||
| $210M | $116M | 4.2x | 4.2x | 7.6x | 8.6x | |||
This data is available for Pro users. Sign up to see all Leap competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Leap
| When was Leap founded? | Leap was founded in 2019. |
| Where is Leap headquartered? | Leap is headquartered in Bangalore, India. |
| Is Leap publicly listed? | No, Leap is a private, VC-backed company. |
| What is Leap's valuation? | Leap was last valued at $900M in its Series D in June 2022. |
| How much funding has Leap raised? | Leap has raised $218M across 5 funding rounds. |
| What was Leap's last funding round? | Leap's last funding round was a $65M Series E in January 2025, led by Apis Partners. |
| Who are Leap's investors? | Leap's investors include Peak XV Partners, Owl Ventures, Jungle Ventures, Apis Partners, Harvard Management Company, Bhupinder Singh, Steadview Capital, Paramark Ventures and Kunal Shah. |
| Which companies are comparable to Leap? | Companies comparable to Leap include Ruangguru, Huikedu Group, Knowbox, Vedantu, Coursera and Jiangsu Chuanzhiboke. |
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