ApplyBoard, a Kitchener, Ontario, Canada-based online platform for students to access international education opportunities, raised C$100M in Series C funding on a C$2B valuation.
The round was led by Drive Capital with participation from 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 intends to use the funds to accelerate product development, expansion into new markets, and improve access to education for more international students.
Co-founded in 2015 by (L) Meti Basiri, CMO, (C) Martin Basiri, CEO, and (R) Massi Basiri, COO, ApplyBoard streamlines and simplifies the study abroad application process by connecting students, educational institutions, and recruitment partners on its platform. Through its technology, students are enabled to 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. By joining the platform, educational institutions benefit from expanding their brand reach worldwide and enriching on-campus diversity by recruiting qualified students virtually.
The company currently works with over 1,200 educational institutions and 4,000 recruitment partners and has assisted over 100,000 students.
ApplyBoard has over 400 staff members in 20 countries.