ApplyBoard has successfully raised 170 million Canadian dollars in Series C financing, primarily from ETS and other investors, to enhance its global educational services.
Target Information
ApplyBoard is an innovative online platform focused on facilitating access to quality education for students around the globe. The company operates by connecting prospective international students with universities and institutions, helping to streamline the application process. Recently, ApplyBoard announced the completion of its Series C financing round, raising a total of 170 million Canadian dollars (approximately 129 million US dollars).
This financing round has attracted significant investment from several prominent entities, including the Education Testing Services (ETS), which is renowned for managing standardized assessments such as the TOEFL and GRE exams. The latest infusion of 70 million Canadian dollars follows a previous investment of 100 million Canadian dollars made by Drive Capital earlier in the year.
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Industry Overview
The global education technology industry has experienced substantial growth in recent years, particularly as demand for online learning solutions has surged due to the COVID-19 pandemic. In Canada, this trend has prompted increased investment in
Similar Deals
ApplyBoard → Educational Testing Service, Index Ventures, Blue Cloud Ventures, Harmonic Growth Partners
2023
Education Testing Services (ETS)
invested in
ApplyBoard
in 2023
in a Other deal
Disclosed details
Transaction Size: $129M