Cialfo, a Singapore-based edtech that wants to transform the higher education landscape through AI-driven solutions that simplify the college application and career guidance process, announced that it raised $40 million in Series B funding, led by Square Peg and SEEK Investments.
The round, which also saw participation from returning investors SIG Global, DLF Ventures, January Capital, and Lim Teck Lee, brings Cialfo’s total raised so far to $55 million, including a $15 million Series A announced in February 2021.
The new funding will be used to grow Cialfo’s global user base, add more features and look at potential acquisitions.
Company: Cialfo, Inc.
Raised: $40.0M
Round: Series B
Funding Month: January 2022
Lead Investors: Square Peg and SEEK Investments
Additional Investors: SIG Global, DLF Ventures, January Capital, and Lim Teck Lee
Company Website: https://www.cialfo.co/
Software Category: College Application Platform
About the Company: Ciaflo was founded in 2017 by Rohan Pasari, Stanley Chia, and William Hund, Cialfo is a fast-growing global edtech company and “student-first” career exploration and college application network. Today, Cialfo is used by educators around the world. With its cutting-edge career exploration and college application platform, a community of 250,000 students and their counselors, and its customizable recruitment solutions. The company currently has more than 170 employees in Singapore, India, the United States, and China, and is partnered with about 1,000 universities around the world, including Imperial College London, the University of Chicago, and IE University in Spain.
Source: https://techcrunch.com/2022/01/26/singapore-based-edtech-cialfo-gets-40m-led-by-square-peg-and-seek/