TPG leads $150-mn round in edtech firm Eruditus- Moneycontrol.com
Summary
Eruditus raised $150 million in a Series F round led by TPG’s The Rise Fund, with participation from several existing investors. The company was valued at $3.1 billion, unchanged from its previous valuation. It plans to use the capital to expand globally, invest in AI, and deepen its presence in India and APAC. Eruditus also said it will look for acquisitions and investment opportunities as it grows.
Funding
Amount
$150.0M
Total raised
Date
October 18, 2023
Announcement date
Investors
Leeds Illuminate, Chan Zuckerberg Initiative, The Rise Fund, Accel, Canada Pension Plan Investment Board, SoftBank Capital, TPG Capital
Lead investors
Company
eruditus.com
Funded company
Classifications
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applications
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AskAI Classifications
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