Auckland-based education consultancy Crimson Consulting has raised a further US$20 million ($31.5m) in a funding round spearheaded by Hong Kong-based CTF Education Group.

The fresh equity comes as Crimson expands into Asia and includes a previously reported US$5 million investment from Korean firm Solborn Investments.

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CTF Education is part of Chow Tai Fook Enterprises, controlled by the family of the