Adventus.io, a Singapore-based international student recruitment marketplace, raised AUD$22 million in Series B funding from its existing shareholders.
The cash injection will allow the company to maintain and consolidate the position it holds in the international education sector.
“This latest round of funding is a strong vote of confidence from our investors and a testament to Adventus’ growth trajectory and potential,” Victor Rajeevan, Adventus.io CEO & co-founder, said in a statement.
“Despite launching in the midst of a pandemic, we’ve expanded our team across 15+ countries and witnessed remarkable year-on-year growth, and this year is no different.
“The funds will be used to accelerate our technology capabilities (including investments in automation and AI) and deepen our relationship with our partner institutions and recruiters, to ensure we continue to place high-quality students in sought after institutions,” he added.
Since its establishment, Adventus.io has invested in a real-time data platform, acquired rating publisher Good Education Media Press, and onboarded cricketing legend Ricky Ponting as a brand ambassador.
With the latest investment, Adventus.io has made strategic appointments to its team. Peter Backwell, with experience at Altus Group and Australasian Retail Projects as well as accounting firms such as Deloitte and KPMG, is stepping into the role of chief financial officer.
Company: Adventus Education Pte Ltd
Round: Series B
Funding Month: May 2023
Lead Investors: Undisclosed
Company Website: https://adventus.io/
Software Category: Student Recruitment Platform
About the Company: Adventus.io is a SaaS-based student recruitment platform that enables recruiters, institutions, and service providers to locate and transact easily. The company's platform assists workforces and individuals to build their academic journey with curated and relevant content and be recognized with qualifications from established institutions, enabling institutions and recruitment agents to seamlessly find and transact with each other and students to make confident study decisions. Since 2020, Adventus.io has processed over 100,000 students at universities around the globe from over 15 source markets. It currently works with over 1,600 education institutions and 8,000 recruiter partners globally and it is on track to process 60,000 students this year.