Meet the Kiwi whiz kids running a $200 million education empire

WHILE other Gen Ys are still finding their feet, these Kiwi whiz kids are running a global company worth more than $205 million.

Jamie Beaton, 21 and Sharndré Kushor, 22, have just closed a $39.5 million capital raising for the global online education business they started on Facebook and Skype. And they’re looking to expand their reach even further.

It all started when a teenaged Mr Beaton, whois academically gifted, realised that there was not enough support out there for kids who wanted to get into the world’s top universities.

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New Crimson capital values founder Jamie Beaton’s stake at $73m

Education consulting firm Crimson Consulting appears to have raised $US30 million in its latest capital raising round, largely from US billionaire Julian Robertson, according to Companies Office filings.

Mr Robertson (who has an honorary New Zealand knighthood) and his investment vehicle Tiger Global Private Investment Partners contributed $US29.5 million while other supporters included former Seek executive Jason Lenga ($US150,000), Ice Angels ($US218,195) and Guy Wallace ($US98,530), according to a director’s resolution issued this morning.

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