Edtech platform ApplyBoard has recently raised $300 million in series D funding, now valued at $3.2 billion. ApplyBoard is an edtech platform that aims to empower students around the world to access top-quality education. After this round, the company will use the funds to expand its operations across India. The round was led by Ontario Teachers’ Pension Plan Board/Ontario Teachers’ via their Teachers’ Innovation Platform.
Existing investors of the platform, Index Ventures, Harmonic, Fidelity Management & Research Company LLC, BDC, Blue Cloud Ventures, and Garage Capital, also took part in this round. Since its inception, the edtech platform has raised $475 million. They are planning to expand across the country in a significant way.
Founded in 2015 by brothers Meti, Martin, and Massi Basiri. They migrated from Iran to Canada for their education and experienced challenges themselves when it comes to applying to international institutes. They eventually decided to start ApplyBoard to make it easier for other candidates.