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Leif Secures Strategic Financing Round Totaling More Than $60 Million
LL Funds Provides Credit Facility; LL and Insita Group Invest in Equity
Financing Provides Leif Ability to Accelerate Growth and Expansion Across Platform
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NEW YORK, May 20, 2021 /PRNewswire/ Leif, a technology company dedicated to increasing access to quality and affordable education, today announced that it has completed a strategic financing round totaling more than $60 million. Leif intends to use the new financing to strategically expand its platform to meet the increasing demand for outcomes-aligned tuition financing solutions, which have had significant impact for students and schools. The strategic financing includes:
The round was led by LL Funds and Insita Group.
The company intends to use the funds to expand its platform.
Leif is a technology company that has developed an end-to-end platform that enables the design, origination, and program management of Income Share Agreement and other outcomes-based tuition finance programs. The company partners with schools to provide students with an outcomes-aligned form of education finance.
Leif has partnered with close to 100 schools over the past year, facilitating the close of over $300m in growth capital to drive the expansion of tuition financing and ISA programs, including: $25 million to Fullstack Academy, $25 million with Rithm School, $10 million with Entity, $10 million with Burlington Code Academy, $25 million with Victory Lap, $20 million with Kingsland University, and $20 million with Medical Interpreting and Translating Institute Online, among others.
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Kingsland University and DevLeague Enter Exclusive Partnership to Help Hawaii
Hawaii residents to benefit from up to $1 million worth of scholarships to software engineering and cybersecurity certification programs to further support the state s economic recovery and workforce diversity initiatives.
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HONOLULU, Jan. 11, 2021 /PRNewswire/ Kingsland University, a leading organization that provides social impact through education, today announced a strategic partnership with DevLeague, Hawaii s only immersive technical training program for software engineering and cybersecurity professionals. The new alliance will help build Hawaii s tech workforce through the latest, job-ready skills training that provides accelerated career opportunities and re-careering pathways. The $1M in scholarships will be immediately available to 400 Veterans and Hawaii residents.