Avendus Capital Advises Eruditus on Its Series D Fund Raise of USD 113 mn, CO-Led by Leeds Illuminate and Prosus Ventures

We collaborate closely with our university partners to make high quality education more accessible and affordable,

Covid-19 is dramatically accelerating change across higher education. We are engaging more deeply with universities worldwide to help them expand their online portfolio and global footprint. We chose Leeds Illuminate, Prosus Ventures and the Chan Zuckerberg Initiative as mission-aligned partners that provide strategic value that goes beyond capital to support our
growth.

Trusted by the world’s best universities, Eruditus is leading the charge on democratizing high quality education globally. Eruditus has built a highly scalable global business with global brands, across multiple course formats and languages. It is a great example of rapid value creation in a capital efficient way. There has been a secular shift  towards digital learning in the last three years, which has been accelerated by the pandemic. We are seeing unprecedented interest in Edtech as the investors are looking at high quality assets such as Eruditus to benefit
from long term value creation expected from this long term structural shift.