Street Talk

NZ’s Crimson Education retains unicorn status after stealth round

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 23, 2024 – 6.51pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Crimson Education, the college-prep company that helps high schoolers get into Ivy League universities like Harvard and Yale, is cashed up after ruling off a funding round.

The New Zealand-based edtech, which is backed by the likes of Tiger Global Management and the country’s former prime minister, John Key, has raised fresh funds from investors. While the amount is unknown, and Crimson is yet to update its filings, the raise is a done deal with sources telling Street Talk that several existing investors including Perennial have written up their book valuations since the raise.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.