ApplyBoard, the leading digital platform for international student recruitment, has secured $55 million in Series C extension funding, achieving a valuation of $1.4 billion amid considerable investor interest in the expanding edtech sector.

Target Information

ApplyBoard, founded by brothers Massi, Meti, and Martin Basiri, emerged in response to the challenging application processes faced by international students aspiring to study in Canada. Established in 2015 and headquartered in Waterloo, Ontario, ApplyBoard serves as the world's leading digital platform for international student recruitment. The company has facilitated over 120,000 students in applying to more than 1,200 educational institutions globally.

The Basiri brothers recognized the complexity of the application process from their own experiences as international students in Canada. Their vision was to resolve these challenges significantly. Currently, ApplyBoard employs over 500 staff across 20 countries, demonstrating its growing influence in the education technology sector.

Industry Overview

The education technology (edtech) industry has seen remarkable transformations, particularly due to the COVID-19 pandemic, which increased reliance on remote learning solutions. According to CB Insights, edtech companies amasse