ApplyBoard achieves EdTech unicorn status

May 6, 2020

Through raising C$100M in Series C funding, Canadian university and school recruitment platform ApplyBoard becomes an EdTech unicorn

ApplyBoard achieves EdTech unicorn status

Canadian company ApplyBoard has achieved EdTech unicorn status through raising C$100M in Series C funding.  The investment round was led by Drive Capital and accompanied by Fidelity Investments Canada ULC and Business Development Bank of Canada.  Existing investors, Anthos Capital, Artiman Ventures, Garage Capital, and Plug and Play Tech Center all increased their investment in the company.

ApplyBoard was founded in 2015 by brothers Martin, Meti, and Massi Basiri who personally experienced the difficulties of applying to study abroad when moving from Iran to Canada.  In July 2015 they moved into Velocity Garage, an incubator for start-ups.  The next major milestone for the brothers came in 2018 in the form of $17 million in Series A funding.  This investment was followed in 2019 with a $55 million Series B investment.  Towards the end of last year, the company was named Canada’s fastest growing tech company by Deloitte.

Students from any country in the world can apply for university and school places for free, providing that they meet the various eligibility requirements.  Students can make applications for free.  Revenue sharing agreements have been established with over 1200 schools, colleges and universities representing in excess of 30,000 educational programs.  The online search process involves choosing filters such as location, school type, course details and budget.  To date the platform has helped over 100,000 students choose a school or university to attend.

“ Accelerated by recent events, it’s vital we fuel innovation that supports the future success of the education sector. We are committed to advancing our work with students, educational institutions, and recruitment partners to improve lives through education. ” Martin Basiri, Co-Founder and CEO of ApplyBoard

More information on ApplyBoard and how it achieved EdTech unicorn status can be accessed here: https://www.applyboard.com/about