Leap Pronounces Collection B Fundraise,
Leap Pronounces $50 Million Capital Increase,
From the founder’s desk,
Once we began Leap Finance in 2023, we had been pushed by one mission – to enhance entry to worldwide training for all college students, no matter their background, monetary state of affairs, location – we actually consider that none of those ought to cease a hard-working, formidable scholar from pursuing the worldwide profession of their desires.
We had seen firsthand how Indian college students had been paying a lot increased rates of interest in comparison with their friends overseas – which is why we launched our firm with inexpensive financing for college students going to the US, in 2019. Over the following few months, as we began understanding the journey of a research overseas aspirant extra deeply, we got here to a realization – there’s a burning want for actual, clear steerage that’s accessible to anybody, anyplace. That’s how Leap Scholar was born – our counselling and steerage platform for Indian college students aspiring to check overseas.
Leap has developed and grown quite a bit since we began – we are actually one in all India’s main digital abroad training platforms – offering the whole lot from admissions counselling, IELTS courses, visa steerage, to monetary merchandise for Indian college students aspiring to check overseas – multi functional place. We’ve a workforce of very proficient counsellors, instructors and workforce members serving to us change the lives of hundreds of research overseas aspirants.
In the present day, we’re humbled to announce that Leap has raised it’s Collection B funding spherical of $17 million – led by Jungle Ventures, together with participation from Sequoia Capital India (who got here again a second time to spend money on our imaginative and prescient) and Owl Ventures – the world’s largest ed-tech focussed VC fund.
As we transfer to the following part of this journey, we need to thanks in your continued love and assist.
2022 was a 12 months of large development for Leap and we are able to’t wait to get began on the following stage of this journey.
We’ve strived to make abroad training accessible to all. We consider within the potential of scholars and we’re enthusiastic about serving to them get the place they need to be.
With extra enthusiasm and focus, we stay up for backing the following technology of worldwide leaders who will come out of India. Leap Announces $50 Million Capital Raise
Onwards and upwards,
– Arnav and Vaibhav
Leap Announces Series B Fundraise,
Leap Announces $50 Million Capital Raise
From the founder’s desk
NEW YORK and CHICAGO, Jan. 27, 2022 /PRNewswire/ — Leap, the retail platform for contemporary manufacturers, introduced its $50 million Collection B financing. The spherical was led by BAM Elevate with participation from new and present traders together with Harbor Spring Capital, Northern Belief, Simon, Costanoa Ventures, Hyde Park Enterprise Companions and Equal Ventures. The brand new capital might be used to speed up development by way of investments within the firm’s platform and retailer location community. In 2023, Leap’s retailer fleet and complete system gross sales quadrupled and right now, greater than 30 manufacturers make the most of Leap’s platform to energy 50 shops throughout eight markets.
The Leap Platform allows manufacturers to extra quickly deploy shops that work in live performance with ecommerce and at considerably lowered price and threat. Shops powered by Leap convey fashionable manufacturers to life with compelling, immersive buyer experiences and data-driven operations. Using Leap’s platform, manufacturers can deploy stunning shops geared up with world class gross sales groups and omnichannel expertise in a fraction of the time versus the standard strategy–doing all of it in home. Best retailer places, operations and merchandising are decided by leveraging Leap’s hundreds of thousands of information factors and proprietary algorithms.
“Trendy manufacturers require omnichannel options to attach with clients meaningfully and constantly throughout channels. Our platform allows manufacturers to activate retail places with velocity and data-driven choices which minimizes threat, upfront prices and lease liabilities,” mentioned Amish Tolia, co-founder and co-CEO at Leap. “It is such an thrilling time for retail. Greater than 500 manufacturers have registered with us, and we have now barely scratched the floor. This new capital will allow us to make vital investments into our expertise for enabling omnichannel and to scale much more quickly.”
“Manufacturers can now leverage Leap’s proprietary knowledge, programs and scale to quickly create or develop an omnichannel bodily retail presence, which has by no means been extra necessary. We’re excited to see so many world class manufacturers selecting to deploy and scale on the Leap Platform,” mentioned JP Van Arsdale, BAM Elevate Basic Associate who has joined Leap’s Board of Administrators. Ben O’Connor, Associate at BAM Elevate, added, “As manufacturers look to beat rising prices of their provide chain and digital advertising channels, we consider Leap is uniquely positioned to rework the retail panorama.”
Leap’s development in 2023 offered manufacturers corresponding to Naadam, One thing Navy, ThirdLove, Mack Weldon, Lunya, Birdies, Ring Concierge and extra with the chance to deploy shops in New York Metropolis, Chicago, Los Angeles, San Francisco, Scottsdale, Florida, and Texas, and expanded its class capabilities right into a broader vary – from attire and footwear to equipment, jewellery, intimates, and residential items.
“Our clients are our biggest asset,” added Heidi Zak, co-founder and CEO of ThirdLove. “By scaling our bodily retail channel on Leap, we’re in a position to preserve our deal with designing and creating the perfect becoming below clothes and activewear for our clients whereas Leap delivers a premier in-store expertise that seamlessly connects with our web site and buying channels. We’re actually excited to proceed to develop our model and higher join with our clients with the opening of our first 4 shops in California over the following few months and stay up for opening many extra with Leap.”
Along with manufacturers, Leap works with retail landlords, builders, and brokers to construct up excessive performing retail markets, from native neighborhoods to buying facilities. By deploying shops in clusters Leap creates price efficiencies and gross sales synergies, in addition to mitigates threat for its model clients and landlord companions alike.
Brian Berger, founder and CEO of Mack Weldon, mentioned, “Leap permits us to showcase the vary of Mack Weldon merchandise in a approach that enhances our digital expertise. The in-store expertise leads to larger buyer loyalty and insights.”
About Leap
Leap is constructing the world’s largest community of branded retail shops – powered by knowledge, expertise, and scale. Leap’s platform allows manufacturers to deploy shops that work in live performance with ecommerce extra quickly and at considerably lowered price and threat. Model shops powered by Leap convey fashionable manufacturers to life with compelling, immersive buyer expertise and operations pushed and knowledgeable by hundreds of thousands of information factors. Study extra about Leap’s platform, and model shops powered by Leap, at https://leapinc.com.
SOURCE Leap