Leverage Edu, an AI-enabled marketplace designed to help students with higher education and career growth plans, has raised a Pre-Series A round of funding led by DSG Consumer Partners and Blume Ventures.
This is the company’s second round of financing post a seed round raised late last year. The funds will boost the company’s mission to democratize access to mentorship by continuing its growth path and further developing the platform.
“Over the last 12 months, we have grown from a college admissions platform to a full-stack career growth company, that helps students starting grade 8 with mentorship and assessments, moves to high schoolers and college goers applying to undergraduate and postgraduate programs, and goes right up to young professionals seeking high-end career advice from best-matched experts on our marketplace”, said Akshay Chaturvedi, Co-founder and Chief Executive Officer, Leverage Edu.
Leverage Edu uses an AI tool to help students identify what program or college they are best suited for, and then matches them to a Mentor, selected from a vast panel of expert mentors, best-fitted to the unique profile the student for virtual mentorship sessions.
“The best-fit mentor advising the student means that students who had not tasted success in multiple attempts before, are now suddenly able to win. That’s very empowering for us”, added Chaturvedi.
Deepak I. Shahdadpuri, Managing Director, DSG Consumer Partners said, “There is a need in the market to help students apply to better quality global education institutions, and to advise students on their careers, to help them get better jobs. Leverage Edu aims to address these needs, providing relevant, personalized advice to students and young professionals.”
Sujith Pai, Blume Ventures said, “As India gets richer, we are likely to see an exponential growth in demand for international and new age higher educational institutions. Leverage Edu’s smart use of technology, its proprietary mentorship platform, and aggression will help them tap this demand effectively, enabling them to delight and better serve the new cohort of students coming out of urban India.”