Gunderson clients lead $113M Series D Financing of Eruditus
Gunderson Dettmer represented the lead investors, who included Leeds Illuminate, in the $113 million Series D financing into Eruditus, a Mumbai-based company that works with top universities globally to offer more than 100 executive-level courses to students in over 80 nations. Chan Zuckerberg Initiative and existing investors Sequoia India and Ved Capital also participated in the round, which brings Eruditus’ to-date raise to more than $160 million.
In the announcement of the transaction Eruditus said it will use the fresh capital to partner with more universities and expand in emerging markets. It said it also wants to invest in developing career-ready courses to help the workforce acquire the skills they need to survive in the post-pandemic world.
The Gunderson deal team was led by Steve Baglio and included Jonathan Pentzien, Jolyn Ang and Vanessa Ho.