Leif, a New York-based company specialized in technology dedicated to increasing access to education, raised $60m in funding.
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.
The company expects to grow its team from 25 employees to approximately 50 over the next 12 months.