Keystone Education Group, a leader in student recruitment, announced it has completed a first four-year senior secured bond issue of €100 million, further fueling ongoing expansion and growth.
In the past few years, Keystone has made substantial investments to improve its technology and services, helping over 120 million students across its search platforms in 2024. The new funding will enable Keystone to continue investing in its platforms – driving growth and innovation in the education sector.
This bond issue attracted significant interest from various Nordic and international institutional investors.
Over 120 million students annually trust Keystone to help them pursue higher education. In turn, Keystone helps over 5,500 education institutions reach, recruit, and enroll prospective students in more than 190 countries across 500+ student websites, including Masterstudies.com, Educations.com, Fernstudium.ae, Studentum.se, and FindaPhD.com.
Plus, Keystone also operates a range of global student recruitment services, including UniQuest, Asia Exchange, Blueberry, SONOR, Edunation, and Keystone Sports. Based in Oslo, Norway, Keystone is backed by Viking Venture and Verdane, two leading Nordic venture firms. Keystone has 900+ employees worldwide, with offices across the Nordics, Germany, Spain, and the UK.
KEY QUOTES:
“This new financial backing enables us to better support students and schools, allowing us to double down on improving the student experience, enhancing matchmaking, and advancing AI-driven student guidance. Additionally, we will continue our acquisition strategy, expanding our portfolio and bringing even more value to students and our customers worldwide.”
- Fredrik Högemark, CEO of Keystone Education Group
“This very successful bond issue will enable us to continue our fantastic growth story. The attractiveness of the bond underpins the great work we have been doing, and the trust investors have in Keystone and our future.”
- Kenneth Nyhus Hanssen, Chief Financial Officer at Keystone Education Group