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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 News provided by Share this article Share this article 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. ....