ApplyBoard raises $100 million in latest funding round
Canada-based online student recruitment platform ApplyBoard has raised $100 million in investment through its latest round of funding.
ApplyBoard is valued at $2 billion and its Series C funding round was led by Drive Capital.
Other companies contributing to the investment include Fidelity Investments Canada ULC, Business Development Bank of Canada, Anthos Capital, Artiman Ventures, Garage Capital, and Plug and Play Tech Center.
Latest round of ApplyBoard funding labelled ‘historic’
The announcement by ApplyBoard stated that it plans to use this funding to invest in the development of its technology, as well as facilitating partnerships with educational institutions in new destination countries.
On the whole, the funding, it is hoped, will enable the platform to meet the needs of a broader and more diverse pool of students across the world.
Nick Solaro, a Partner at Drive Capital, expressed his delight at the results of the latest round of funding.
“We’re thrilled to partner with Martin [Basiri] 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.”
ApplyBoard wants to innovate and expand its reach
Martin Basiri, Co-Founder and CEO of ApplyBoard, emphasised the benefits that this funding will bring for the company and its students.
“Education has the power to change lives, but the process of applying to study abroad remains incredibly difficult for many students.
“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.”
ApplyBoard aims, through its online platform, to provide an alternative, more equal way for students to access international education opportunities.
The platform was established in 2015 by its co-founders Martin, Meti, and Massi Basiri, after their frustrations at the challenges they faced as international students studying in Canada.
The Canada-based company – which Deloitte in 2019 labelled as Canada’s fastest-growing tech company – works with over 1,200 educational institutions, 4,000 recruitment partners, and, to date, has helped bolster the educational journey of over 100,000 students.
Josephine Walbank is a reporter for Global Education Times (GET News) with a focus on education in the UK, Asia-Pacific, and Americas, and student experience and lifestyle news.
Josephine is an experienced journalist who previously served as the Editor-in-Chief of The Falmouth Anchor. She is also the former Deputy Editor of Voices, the Falmouth & Exeter Students’ Union’s publication, and has written for various food and lifestyle publications.
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