Edtech Startup, ApplyBoard Raises Funding $300M Round Led By Ontario Teachers’ Pension Plan Board
- ByStartupStory | June 16, 2021
ApplyBoard raises funding $300M in Series D funding at a post-money valuation of $3.2 billion. The round was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP) as per a statement shared by the company existing investors Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures also participated in the round. ApplyBoard raises funding to use a significant share of the funding raised will be utilised to expand its operations and team in India.
Martin Basiri, Co-founder and CEO, ApplyBoard said regarding ApplyBoard raises funding in a press note, “With limited international travel over the past year, we are seeing pent-up demand from students looking to study abroad. We are excited for what this new investment will allow us to accomplish to help our students, partner institutions, and recruitment partners, so that our industry can build back better in a post-COVID world.”
The Edtech platform that aims to empower students around the world to access top-quality education it has grown to help more than 200,000 students with their application journey, and plan to support millions in the coming years. It has been expanding its operations to offer access to international educational programmes in the UK, Australia, and the US, and doubling the number of global team members to more than 1,000.
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