Search company, investor...

Predict your next investment

Harvard Management Company company logo
Endowment
FINANCE | Asset/Financial Management
hmc.harvard.edu

Investments

13

Portfolio Exits

3

Service Providers

1

About Harvard Management Company

Harvard Management Company (HMC) is a subsidiary of Harvard University, providing investment management of the University's billion dollar endowment and related financial assets.

Headquarters Location

600 Atlantic Avenue

Boston, Massachusetts, 02210,

United States

617-523-4400

Want to inform investors similar to Harvard Management Company about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Research containing Harvard Management Company

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Harvard Management Company in 1 CB Insights research brief, most recently on May 19, 2021.

Latest Harvard Management Company News

Leap Raises $ 55 Million In Series C Round Led By Owl Ventures

Dec 22, 2022

South Asia’s overseas education company Leap, which runs LeapFinance and LeapScholar, has raised $55 million(INR 400 crore) in Series C funding led by Owl Ventures. The round also saw participation from Harvard Management Company, Inc, along with returning investors Jungle Ventures and Sequoia Capital India. The round comes less than 6 months after Leap raised its Series B which was led by Jungle Ventures, bringing the total equity capital raised by the startup to date, over $75 million. Leap is building the infrastructure to enable students to pursue international higher education. It runs a million-member strong community of international study aspirants in South Asia and has helped over 60,000 students in their study abroad journey over the last 18 months. Leap’s product suite caters to the end-to-end needs of the community right from international test preparation, professional admissions counseling, student loans, international student bank accounts, foreign currency remittance, and international career guidance. Vaibhav Singh co-founder of Leap shared - “We have seen an unprecedented demand from students to move abroad this year as international borders open post-Covid. Our community-led approach coupled with a comprehensive product suite for all international student needs is truly differentiated. Not surprisingly we have seen explosive growth. We expect million-plus students from the region to move abroad in the next 12 months. This raise positions us perfectly to capture a lion’s share of that demand. We are excited to continue to have the backing of marquee global investors who are aligned on our mission to democratize access to global education.” Amit Patel, Managing Director, Owl Ventures said, “Leap is on the trajectory to become the preeminent study abroad platform for students. The overseas education market is fragmented where there is no single one-stop solution. It can be very confusing for students to know where to begin preparation, what colleges they should target, and how they are going to afford to pay for their education. Leap is creating a comprehensive platform that addresses all of these preparation and financing needs for students. Owl Ventures is excited to deepen our partnership with Vaibhav, Arnav, and the Leap team to make studying abroad a reality for as many students as possible.” Leap will utilize the new capital infusion for multi-dimensional growth. The company intends to extend its service suite to students across SE Asia and MENA regions and enable them to pursue their global education aspirations across more than 20 destination countries. Further, Leap intends to broaden its product portfolio to offer more innovative solutions to international students. Some of the products in the pipeline include an international student credit card and insurance products. The company is also building a suite of offerings to help international students succeed on campus once they have made the move abroad. Commenting on the company’s plans, Co-founder Arnav Kumar stated - “We are building products at the intersection of fintech & edtech for global education. In the last 12 months, we identified and filled key gaps in the international students’ journey - offering accurate information, guidance, financing and career support. Our ‘community & content’ approach has allowed rapid scaling to millions of users across geographies and product lines. We will continue to expand our program coverage and build new product lines to offer delightful experiences to international students across the globe.” Amit Anand, Founding Partner of Jungle Ventures added, “Trust and Affordability is the key to unleash the full potential of the Study Abroad sector. The team at Leap has done a great job in leveraging the advancements in the ed-tech and fintech sectors, to create a predictable, transparent, and best-in-class experience for students looking to pursue overseas education and related financing. We are excited to increase our commitment significantly with this round and continue to help Arnav and Vaibhav build the largest platform globally serving international students.” “Over the last 18 months since founding, the Leap team has been agile and has materially expanded their offering across multiple needs of students looking to study abroad, including financing, counseling, and test prep. The desire for Indian students to study abroad is stronger than ever and we believe that Leap, with its vertically integrated strategy, can become the leading platform enabling these students,” said Ashish Agrawal, Managing Director at Sequoia Capital India. In August 2021, the company announced that it plans to hire 500 employees by the end of year, in India and abroad, to fortify its product and technology stack. Share this article:

Harvard Management Company Investments

13 Investments

Harvard Management Company has made 13 investments. Their latest investment was in SOURCE Global as part of their Series D on April 4, 2022.

CBI Logo

Harvard Management Company Investments Activity

investments chart

Harvard Management Company Portfolio Exits

3 Portfolio Exits

Harvard Management Company has 3 portfolio exits. Their latest portfolio exit was Solum Partners on October 08, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/8/2020

Spinoff / Spinout

Solum Partners

$99M

1

10/23/2019

Corporate Majority

Subscribe to see more

$99M

Subscribe to see more

10

2/13/2018

Divestiture

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/8/2020

10/23/2019

2/13/2018

Exit

Spinoff / Spinout

Corporate Majority

Divestiture

Companies

Solum Partners

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

10

10

Harvard Management Company Acquisitions

1 Acquisition

Harvard Management Company acquired 1 company. Their latest acquisition was Tyntec on February 15, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/15/2017

$99M

Acq - Fin

1

Date

2/15/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

Harvard Management Company Service Providers

1 Service Provider

Harvard Management Company has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Harvard Management Company Team

17 Team Members

Harvard Management Company has 17 team members, including former Chief Executive Officer, President, Mohamed A El-Erian.

Name

Work History

Title

Status

Mohamed A El-Erian

Chief Executive Officer, President

Former

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Mohamed A El-Erian

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Executive Officer, President

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Former

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.