LEAD School, the K-12 edtech player, that works with affordable private schools to improve student learning and teacher performance via its integrated system, has raised US $30 million in Series D funding round led by Global VC Fund GSV Ventures along with WestBridge, an existing investor. The latest funding round will be used by the company to accelerate growth by building a pan India brand, rollout of new product offerings, strategic acquisitions and hiring top talent across domains.
According to the company, it’s unique Integrated System for schools has helped schools deliver uninterrupted learning through online, hybrid or in physical classrooms. Having reached a landmark milestone of 2000+ schools catering to over 800k students, LEAD School is well on its way to cater to 25,000 schools in the next five years. This is in line with its mission of making excellent education accessible and affordable to every child in the country.
The funding round follows the Series C funding of $28 million led by WestBridge and Elevar Equity in August 2020 and the acquisition of student assessment startup QuizNext in December 2020. LEAD has grown at a rapid pace over the last 3 years and the current round is its fourth round of institutional funding since its first investment led by Elevar in 2017, who continues to be a major shareholder.
Founded by Sumeet Mehta and Smita Deorah in 2012, the company initially began operations by running affordable schools and teaching middle-school students. The company then built its platform, the LEAD Integrated System, which it began offering in 2017 with a mission to make excellent schools accessible and affordable to every child.
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