Edtech firm Crimson Education bags $53.5m in Series D round

Funds will be used for expansion in Singapore

Edtech enterprise Crimson Education has secured $53.5m from venture capital fund Movac, alongside five investors.

HEAL Partners, Icehouse Ventures, US News, Five Sigma, and HighSage Ventures also participated in the round.

This firm said that the funding will be used to drive the growth of Crimson Global Academy globally, which provides flexible online AP courses that enable students from both local and international schools to enhance their academic profiles.

Additionally, Crimson aims to further solidify its offerings in competitive university admissions and mentorship across all stages of education.

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