Eruditus secures $150 Mn refinancing amid dry edtech funding environment

Edtech firm Eruditus has raised up to $150 million through a refinancing deal led by Mars Growth Capital, the joint venture between Liquidity and Japan’s largest bank, MUFG Bank.

The $130 million initial funding, with a $20 million scale-up option, will support Eruditus’ continued global growth and operational scaling, the company said in a press release. According to the company, MARS Growth Capital will provide up to $100 million, while the remaining $50 million will come from HSBC.

Eruditus partners with more than 80 top-tier universities,…