Song Advisors, an asset management company backed by Google’s venture philanthropic arm, has co-invested as part of a $15m investment in India-based education group K12 Techno Services.
Song linked with Sequoia Capital India, a venture capital firm managing $1.8bn which is a subsidiary of US-based Sequoia Capital, for the round.
K12 manages more than 60 schools but expects to grow to more than 300 over the next year, according to a press conference reported by local news providers.
Vishal Vasishth, founder and managing director of Song, has joined K12’s board. Song was launched with $17m two years ago by philanthropic investors Google.org, Omidyar Network and Soros Economic Development Fund.