AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • login
No Result
View All Result
AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
No Result
View All Result
Home Venture Capital

South Korean VC Firm Solborn Invests US$5m in NZ Edtech Startup Crimson Education

 637 total views,  1 views today

Be one of the first to comment
AsiaTechDaily Writer by AsiaTechDaily Writer
PUBLISHED: August 26, 2019 UPDATED: August 31, 2019
in Venture Capital
0
South Korean VC Firm Solborn Invests US$5m in NZ Edtech Startup Crimson Education
30
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

South Korea’s Solborn Investment, the venture capital arm of Korean holding company Solborn, has invested US$5 million in New Zealand-based education technology (edtech) startup Crimson Education, according to reports.

Solborn Investment, headquartered in Seoul, South Korea, focuses on all stages of venture investment in companies operating in the information technology, nanotechnology, and biotechnology sectors.

It also invested in Mesh Korea, a highly IT-oriented online logistics firm that focuses on creating platforms that feature same-day and real-time delivery.

[ihc-hide-content ihc_mb_type=”block” ihc_mb_who=”unreg” ihc_mb_template=”1″ ]

Solborn’s US$5-million investment in Crimson Education values the New Zealand education firm at US$245 million post-money. Crimson last raised US$30 from Tiger Global in 2016, valuing the company at US$160 million.

Founded by Jamie Beaton in 2013, Crimson Education provides students from around the world the opportunity to study in Ivy League or Oxbridge schools or get scholarships and financial. It does so by guiding students, from as young as 11, through its network of over 2,400 tutors worldwide.

Crimson Education makes money by charging US$80 per hour for tutoring and about US$2,000 per module for younger students. So far, the startup said it has already helped 193 students get Ivy League offers, 55 Oxbridge offers, and over US$67 million in scholarship grants.

It now operates in more than 24 cities and follows the standards and rules of the International and National Associations of College Admissions Counseling.

The startup’s young founder, Jamie Beaton, is an academic achiever himself. According to Crimson Education’s website, Beaton applied for twenty-five of the top universities around the world and was the first New Zealander to be accepted to all of them.

He was accepted to elite universities such as: Harvard, Cambridge, Yale, Princeton, Stanford, University of Pennsylvania’s Huntsman Program and Columbia. He ultimately chose Harvard where he finished a degree in Applied Mathematics & Economics, Magna Cum Laude.

Solborn Investment’s interest in Crimson Education is not entirely surprising considering that a number of South Koreans are now studying abroad and several more are looking for ways to get into prestigious universities and colleges overseas.

[/ihc-hide-content]

What's your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Crimson EducationEdTechSolborn InvestmentStartupventure capital

Related Posts

Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 2]
Interviews

Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 2]

December 29, 2020
Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 2]
featured

Month-on-month revenue metrics and retention rate are critical KPIs to look for in startups – Angel Investor Mehul Mishra [Interview Part 1]

December 29, 2020
ShuttleOne
FinTech

SG Fintech Startup ShuttleOne Gets $500k for Blockchain Platform

May 21, 2020
Market Kurly
E-commerce

Korea’s Grocery Shopping App Market Kurly Raises Record $164m

May 11, 2020
MigVax
COVID-19

Covid-19 Vaccine Developer MigVax Raises $12m in Funding

April 25, 2020
SensorFlow
Property Technology

SensorFlow Raises $8.3m, Eyes Innovations to Help Hotels Manage Covid-19

April 23, 2020
0 0 vote
Article Rating
Subscribe
Login
Notify of
Please login to comment
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
canzoni del momento 2021
2 months ago

… [Trackback]

[…] Info on that Topic: asiatechdaily.com/south-korean-vc-firm-solborn-invests-us5m-in-nz-edtech-startup-crimson-education/ […]

0
trackback
DevOps as a service
1 month ago

… [Trackback]

[…] Find More here on that Topic: asiatechdaily.com/south-korean-vc-firm-solborn-invests-us5m-in-nz-edtech-startup-crimson-education/ […]

0
trackback
Functional Testing Framework
1 month ago

… [Trackback]

[…] There you will find 5443 additional Info on that Topic: asiatechdaily.com/south-korean-vc-firm-solborn-invests-us5m-in-nz-edtech-startup-crimson-education/ […]

0
trackback
Selective Regression Testing
1 month ago

… [Trackback]

[…] Read More Information here to that Topic: asiatechdaily.com/south-korean-vc-firm-solborn-invests-us5m-in-nz-edtech-startup-crimson-education/ […]

0

FREE NEWSLETTER

No Result
View All Result

TRENDING POSTS

  • Art Shaikh, Founder and CEO of CircleIt- A Virtual Time Capsule Right At Your Fingertips!

     7,979 total views,  3 views today

  • How Max Chizhov, Co-Founder And CEO Of iFarm Raised $4M To Build An Indoor Farming Solution Provider In Today’s Urban Environment?

     4,641 total views

  • Vietnamese e-commerce startup Lozi secures new round of financing led by Vulpes Investment Management

     4,084 total views

  • How Mathijs Eefting, Co-Founder And CEO Of Moteefe Raised $25M To Build An E-Commerce Platform Providing Infrastructure, Customization, And Global Fulfillment For 5000+ Retailers?

     3,530 total views,  3 views today

  • Egor Melnikov, Founder And CEO OF ARNA Genomics – On A Mission To Save Lives From Cancer By Developing Innovative Fluid Biopsy Technologies

     3,423 total views

  • Andrew Luong, CEO and Co-Founder of Doorvest- Own High-Yield Rental Homes Entirely Online!

     3,204 total views,  3 views today

  • How David Eberle, Co-Founder And CEO At Typewise Raised $1M To Build A Next Generation Smartphone Keyboard?

     3,134 total views

  • How Yoyo Chang, Co-Founder, CEO and President at KodyPay Raised $2.3M To Revolutionise Payment Experiences?

     2,993 total views

  • Indian Startup Ecosystem – Exclusive Year End Analysis – 2020 – All You Need To Know!

     2,949 total views,  3 views today

  • Sean O’Sullivan, Founder And Managing Partner Of SOSV – A Global Venture Capital Firm With 1000+ Portfolio Companies And $800M+ Assets Under Management

     3,151 total views,  3 views today

COUNTRIES

  •  Australia
  •  Austria
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Philippines
  •  Poland
  •  Qatar
  •  Russia
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United Kingdom
  •  United States
  •  Vietnam

More from our network


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

wpDiscuz
4
0
Would love your thoughts, please comment.x
()
x
| Reply