Another company from ed-tech space “Lead School” has raised $30 million in its latest funding Series D round led by GSV Ventures with an existing investors namely WestBridge. For them, it’s the first-ever US-based investment by venture belonging there.
For the ed-tech firm, the latest round has come after 8 months of its $28 million Series C round led by WestBridge and Elevar in August 2020.
Also, until today, the firm didn’t reveal the actual valuation of its firm in the recent fundraising. But the estimation showed that it was around $160 million in the last round. The firm stated the funds will be integrated to accelerate the growth, expansion, roll out of new products and features, hiring talents, and acquisitions.
In 2020, it had acquired student assessment startup QuizNext in December, it will acquire more of such ventures in the coming future.
Lead School, an 8-year-old company offers integrated curriculum and technology solutions to private schools with books, e-books, smart classes, teacher training, teacher manuals, workbooks, and more to let students have the right and smart education seamlessly.
Currently, it has collaborated with more than 2,000 schools catering to more than 800,000 students. It aims to reach 25,000 schools in the next 5 years. It is operating in 400 cities, which involves tier 2 to tier 4 cities, in around 20 states.
Lastly, besides Elevar Equity and WestBridge, Lead School counts Kashyap Deorah, the founder of HyperTrack, as its investor who nacked the Mumbai-based firm in its commencement years.