ApplyBoard, an online edtech platform based in Ontario, Canada, has raised $ 300 million in Series D funding at a post-money valuation of $ 3.2 billion, much of which goes towards expanding their business Indian activities is used.
The round was chaired by the Ontario Teachers ‘Pension Plan Board through its Teachers’ Innovation Platform, which focuses on venture and growth capital investments in companies developing late-stage innovative technologies.
Existing investors Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital and Blue Cloud Ventures also took part in the round. ApplyBoard has raised $ 475 million since its inception.
âEducation has the power to change lives and bring peace to the world, and ApplyBoard is more committed than ever to helping millions of students who dream of studying abroad. Due to the limited international travel last year, we see a lot of catching up to do with students looking to study abroad, âsaid Martin Basiri, Co-Founder and CEO of ApplyBoard.
“We are excited about the opportunities this funding will offer as a substantial portion of this funding will help us continue to grow product and business growth in India and support students who want to study abroad on their journey.” said Karunn Kandoi, General Manager and Head of India Operations at ApplyBoard India.
ApplyBoard was founded in 2015 by brothers Martin, Meti and Massi Basiri, international students who came to Canada from Iran for their education.