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Waterloo’s ApplyBoard has raised a $375 million Series D round and is now valued at $4 billion.
The round was led by Ontario Teachers’ Pension Plan Board, through its Teachers’ Innovation Platform. Existing investors Fidelity, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures also participated in the round.
“Education has the power to change lives and bring peace to the world, and ApplyBoard is more committed than ever to helping the millions of students who are dreaming of studying abroad,” said Martin Basiri, Co-founder and CEO, ApplyBoard.
“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.”
ApplyBoard is on a mission to educate the world by democratizing access to international educational opportunities.
ApplyBoard has grown in six years to be the online market leader in the study abroad industry, helping more than 200,000 students with their application journey, and plan to support millions in the coming years.
ApplyBoard was founded in 2015 by brothers Martin, Meti, and Massi Basiri (pictured). They were international students who came from Iran to Canada for their education and after seeing and experiencing the challenges of the application process they decided to start ApplyBoard to make it easier for others.
ApplyBoard continues to hire across the Kitchener-Waterloo Region and beyond.