Crimson Education raised NZ$67 million in a Series D led by Movac to enhance its edtech platform's services and expand its global reach.

Nov 04, 2024•10 months ago

Amount Raised

$67 Million

Round Type

series d

AucklandE LearningEducation

Investors

Five SigmaHigh Sage VenturesUs NewsIcehouse VenturesHeal PartnersMovac

Description

Crimson Education, a Kiwi editech scaleup, has successfully raised NZ$67 million in a Series D funding round. This influx of capital has propelled the company's valuation to NZ$1 billion, reflecting a 50% increase over two years.

Company Information

Company

Crimson Education

Location

Auckland, Auckland, New Zealand

About

Crimson Education is an edtech platform founded in 2013 that specializes in college admissions consulting and tutoring, particularly for elite US Ivy League universities and UK institutions. With 22 offices across five continents, it provides personalized educational plans and has launched an internationally accredited online school, Crimson Global Academy. The platform has grown significantly, with annual revenues exceeding US$100 million for FY2024. Its founder, Jamie Beaton, has an impressive academic background, having studied at renowned universities globally.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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