Leeds Equity and eLuma Partner to Transform Online Special Education and Mental Health Services to K-12 Districts | New
NEW YORK, July 20, 2021 / PRNewswire / – Leeds Equity Partners (“Leeds Equity”), the new Yorkprivate equity firm and eLuma (the “Company”), a leading two-way marketplace for providing live and online special education and mental health services and software to K-12 districts, to schools and their students nationwide, today announced that Leeds Equity has made a significant investment in the Company.
Leeds Equity partners with talented management teams to drive innovation and growth in leading companies in knowledge industries. Leeds Equity’s investment in eLuma will allow the company to further expand its online mental health K-12 therapy services as well as invest in its school software platform, further strengthening eLuma’s ability to support educators, administrators, therapists, students and families with a mission – critical special education and mental health services.
“Engaging an investment partner was very important to us, and given Leeds Equity’s reputation as a leading investor in knowledge industries, we knew it was the right decision at the right time to our company, and personally I couldn’t be more excited, “said Jeremy Glauser, founder and CEO of eLuma. “Leeds Equity has proven to have unmatched experience in building innovative businesses that tackle high stakes challenges and deliver measurable, world-class results. We look forward to working in partnership to continue serving districts, schools, students and families with the best possible resources, and we look forward to seeing the things we are able to accomplish together. ”
Glauser, who founded the company ten years ago, will continue to lead as CEO and will also serve on the board of directors.
Since its inception in 2011, eLuma has grown into a leading two-way marketplace for on-line and online special education and mental health services for K-12 students. eLuma uses proprietary software to enable K-12 districts and schools and their students, on the one hand, and therapy service providers, on the other hand, to receive and deliver, respectively, in live, online, speech therapy, occupational therapy, physiotherapy, school psychology and mental health services. eLuma is a mission-driven organization that aims to help children develop essential life skills.
“We are delighted to partner with Jeremy and the eLuma team to support the company’s mission and address the complex and growing needs of schools for student health services,” said Scott Van Hoy, partner at Leeds Equity Partners. “The company helps schools solve critical clinician supply issues, expand access to more specialized and relevant clinicians, reduce costs, automate manual tasks and manage compliance. We look forward to helping eLuma and its leadership team continue to provide progressive and impactful health services that enable districts to better serve their students during times of disruption and change. ”
Eric Geveda, Managing Director of Leeds Equity Partners, said: “eLuma offers an attractive opportunity to innovate in a large and growing market serving children with special needs. In addition to investing more in the company’s software platform to enable districts and schools to better manage their educational therapy, eLuma will increasingly address the growing mental health crisis that is leading to more and more more requirements for services in schools. Good mental health is a prerequisite for children’s success in school.
Crewe Capital, LLC served as financial advisor and Mitchell barlow & Mansfield, PC provided legal advice to eLuma. Polsinelli PC was legal counsel to Leeds Equity Partners.
About Leeds Equity Partners:
Leeds Equity Partners is a new YorkPrivate equity company based exclusively on partnership with management teams in the education, training and information services sectors (the “Knowledge Industries”). The company was founded in 1993 and has managed $ 3.9 billion of capital across a wide range of firms within knowledge industries. Leeds Equity seeks to leverage its industry expertise and market knowledge to create long-term value for its partner companies.
For more information on Leeds Equity, see www.leedsequity.com.
eLuma was founded in 2011 on the belief that using online solutions can dramatically increase the quality of therapy in K-12 special education and mental health programs. The company is the premier provider of live, online speech-language pathology, mental health therapy, occupational therapy, physiotherapy and school psychology for schools and districts from Kindergarten to Grade 12. eLuma leverages a nationwide network of high-quality therapists and educators, an innovative software platform, and an advanced case management system to help deliver therapy services efficiently, cost-effectively and in compliance.
For more information on eLuma, see www.elumatherapy.com, LinkedIn, Twitter, and Facebook.
CONTACT: Danielle Derrico, [email protected], 212-835-2015
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SOURCE Leeds Equity Partners, LLC