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Announced

Completed

Accel and SoftBank Vision Fund 2 led a $650m funding round in Eruditus.

Financials

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Transaction Value£469m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Minority

Cross Border

Private Equity

Acquisition

Venture Capital

Friendly

Education Services

education

India

Completed

edtech

Synopsis

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Accel, an early and growth-stage venture capital firm, and SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $650m funding round in Eruditus, a provider of executive education programs intended for mid-career professionals. Canada Pension Plan Investment Board also participated in the new round. The startup would deploy the fresh funds to develop more courses and build new products. “With this fundraise, we’re excited to scale our unique business model, continue to deliver strong learning outcomes, and grow our global impact at a rapid rate,” Ashwin Damera, Eruditus Co-Founder and CEO.

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