ApplyBoard, the online platform that transforms how students access international education opportunities, announced it has raised CAD 100 million (approx. US $71.1 million) in Series C funding.
The funding round was led by Drive Capital and joined by certain funds managed by Fidelity Investments Canada ULC, Business Development Bank of Canada, and existing investors including Anthos Capital, Artiman Ventures, Garage Capital, and Plug and Play Tech Center.
The company will use the current fund infusion to invest in its technology, partner with educational institutions in new destination countries, and serve a broader diversity of students and recruitment partners globally.
“Education has the power to change lives, but the process of applying to study abroad remains incredibly difficult for many students,” said Martin Basiri, Co-Founder and CEO of ApplyBoard. “My brothers and I founded ApplyBoard to ensure that every student has the ability to access education. Accelerated by recent events, it’s vital we fuel innovation that supports the future success of the education sector. We are committed to advancing our work with students, educational institutions, and recruitment partners to improve lives through education.”
“We’re thrilled to partner with Martin and his team because we believe ApplyBoard makes the world a better place. They are fundamentally changing the way students across the globe access education,” said Nick Solaro, Partner at Drive Capital.
ApplyBoard’s Co-Founders, Martin, Meti, and Massi Basiri, launched the company in 2015 as a result of the challenges they endured coming to Canada as international students. It streamlines and simplifies the study abroad application process by connecting students, educational institutions, and recruitment partners on its platform. Through its innovative technology, students are enabled to easily discover and apply to study at the best secondary and post-secondary educational institutions in Canada, the United States, and the United Kingdom using a single application.
ApplyBoard—recognized by Deloitte in 2019 as Canada’s fastest-growing tech company—works with over 1,200 educational institutions and 4,000 recruitment partners. To date, the company has assisted over 100,000 students with their educational journey.
Image Credit: Businesswire
