EdTech start-up Lead School has raised $30 million in a Series D funding round led by GSV Ventures, based in Silicon Valley. Focused on the education sector, GSV’s portfolio firms include Course Hero, Coursera, which went public last month, and ClassDojo, etc. Westbridge Capital, an existing investor, also participated in the fresh round backing the company with nearly half of the new capital raised.
Lead School has partnered with over 2,000 schools and aims to cover 25,000 schools in the upcoming five years. It has been focused on tier 2 and tier 3 cities’ geographies so far, which will continue to remain their focus. The platform claims it can show a visible improvement in student learning with its curriculum. class averages improved from below 60% to above 70% after the adoption of their course.
Lead acquired QuizNext, a student assessment, and practice platform for an undisclosed sum in 2020 December. They are looking to making more acquisitions in the future. It will continue in the K-12 segment. The EdTech sector has seen a major inflow of investments in the past year with the likes of Byju’s leading the pack.