ApplyBoard, a Kitchener, Ontario, Canada-based online platform for students to access top-quality education, raised $300 million (C$375m) in Series D funding at a post-money valuation of S$3.2 billion ( C$4 billion).
The round was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP), with participation from existing investors Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures. Since its founding, ApplyBoard has raised C$600M (US$475M).
The company intends to use the funds to expand its business reach.
Company: ApplyBoard Inc.
Round: Series D
Funding Month: June 2021
Lead Investors: Ontario Teachers’ Pension Plan Board
Additional Investors: Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures
Company Website: http://www.applyboard.com/
Software Category: Online platform
About the Company: Founded in 2015 by brothers Martin, Meti, and Massi Basiri, ApplyBoard enables students around the world to access education by simplifying the study abroad search, application, and acceptance process to more than 1,500 institutions across Canada, Australia, the United States, and the United Kingdom. The company has served more than 200,000 students from more than 125 countries along their educational journeys since 2015. The growth continued this past year, expanding to offer access to international educational programs in the UK, Australia, and the US and doubling the number of global team members to more than 1,000.