Crimson Education, a platform to help students get into top universities, nabs $5M at a $245M valuation

New Zealand's Crimson Education, which has built a tech platform and consulting service to help students identify top schools and what they need to do in terms of academic and other activity to get in, has closed a $5 million round of funding. With this latest investment, the company is now valued at $245 million post-money, a big jump on the $160 million (NZ$220 million) valuation Crimson had in 2016 when Tiger Global invested $30 million. This latest is a small but strategic round: The money is coming from Solborn Investment, the VC arm of the Korean holding company Solborn, and it's specifically aimed at helping Crimson build out its business in that country (Korea has a huge population of young people who are very keen to study outside the country).