Total amount raised
$554 Millions
Latest funding date
09/01/2024
Location
ApplyBoard has successfully raised significant funding over multiple rounds, establishing itself as a key player in the study abroad application industry. The platform offers a comprehensive suite of services, including access to over 1,500 global universities and colleges, with a 95% success rate for applications.
Keep reading to explore the intricacies of ApplyBoard's fundraising journey and the investors backing this innovative platform.
What Is ApplyBoard?
ApplyBoard, founded around 2015, is a leading platform in the EdTech industry, specifically focusing on international student recruitment and application processing. The company is headquartered in Kitchener, Ontario, Canada.
ApplyBoard partners with over 1,500 institutions globally, offering access to more than 140,000 programs. Leveraging AI technology, the platform ensures a high application success rate of 95%, providing comprehensive services from application submission to arrival.
How Much Funding Has ApplyBoard Raised?
- Pre-Seed Round
- Amount Raised: $450K
- Date: October 2015
- Lead Investors: -
- Pre-Seed Round
- Amount Raised: $30K
- Date: February 2016
- Lead Investors: -
- Seed Round
- Amount Raised: -
- Date: December 2016
- Lead Investors: -
- Seed Round
- Amount Raised: -
- Date: July 2017
- Lead Investors: -
- Series A
- Amount Raised: $13M
- Date: June 2018
- Lead Investors: Artiman Ventures
- Series B
- Amount Raised: $40M
- Date: May 2019
- Lead Investors: Anthos Capital
- Series C
- Amount Raised: $72M
- Date: May 2020
- Lead Investors: Drive Capital
- Series C
- Amount Raised: $55M
- Date: September 2020
- Lead Investors: Index Ventures
- Series D
- Amount Raised: $300M
- Date: June 2021
- Lead Investors: Ontario Teachers' Pension Plan
- Debt Financing
- Amount Raised: CA$100M
- Date: September 2024
- Lead Investors: RBCx
In total, ApplyBoard has raised $930.48M in funding.
Key Investors
- Ontario Teachers' Pension Plan
- Details: Ontario Teachers' Pension Plan is one of the largest institutional investors in Canada, managing the retirement funds of Ontario's educators. They have a diversified portfolio with investments in various sectors globally.
- Investment Focus Areas: Education, Infrastructure, Technology
- Notable Investments: SpaceX, Epic Games, Ancestry
- Index Ventures
- Details: Index Ventures is a global venture capital firm that supports entrepreneurs in the technology sector. They have offices in London, San Francisco, and Geneva.
- Investment Focus Areas: Technology, Fintech, Healthcare
- Notable Investments: Dropbox, Slack, Robinhood
- Drive Capital
- Details: Drive Capital is a venture capital firm based in Columbus, Ohio, focusing on investing in innovative companies outside of Silicon Valley. They aim to support the next generation of market leaders.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Duolingo, Root Insurance, Olive
- Anthos Capital
- Details: Anthos Capital is a growth-stage investment firm that partners with entrepreneurs to build enduring companies. They are based in Santa Monica, California.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Honey, Lyft, Epic Games
- Artiman Ventures
- Details: Artiman Ventures is a venture capital firm that invests in early-stage technology and life sciences companies. They are known for their focus on "white space" investments, which are areas with little to no competition.
- Investment Focus Areas: Technology, Life Sciences, Healthcare
- Notable Investments: CellMax Life, Guavus, InvenSense
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