ApplyBoard
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Number of employees | 500 (September 2020)[2] |
ApplyBoard is a Canadian Educational technology company founded in 2015 in Waterloo, Ontario, Canada.[3] It offers an artificial intelligence recruitment platform that helps international students apply for post-secondary studies abroad.[4] In 2019, Deloitte recognized ApplyBoard as Canada’s fastest-growing tech company.[5] In 2020, the company became a unicorn after raising $75 million in funding at a $1.4 billion valuation.
History
The company was founded at University of Waterloo’s Velocity Garage by three brothers Martin Basiri, Massi Basiri and Meti Basiri. The brothers, originally from Iran, had faced challenges while applying to study in Canada. In 2015, they decided to quit their jobs and start the company to make education more accessible for international students.[3]
In 2018, the company had partnership with 750 high schools, colleges and universities in Canada and the U.S. The same year the company raised C$17 Million in Series A funding led by Silicon Valley-based Artiman Ventures, with earlier investors 500 Startups, Candou Ventures, Think+ and others.[6]
In 2019, the company had 170 employees and partnership with 1,200 secondary and post-secondary institutions in North America. In May 2019, the company raised C$55 Million in Series B funding lead by Anthos Capital, with earlier investor Artiman ventures. The company's platform was used by 45,000 international students.[7]
In 2020, the company had 500 employees and expanded its partnership with secondary and post-secondary institutions in United Kingdom. In February 2020, Jo Johnson, the former Minister of State for Universities, Science, Research and Innovation of the United Kingdom, joined the company as the Chairman of the Advisory Board.[8] In May 2020, the company raised C$75 Million at C$1.4 Billion Valuation led by Drive Capital along with Fidelity Investments Canada ULC and Business Development Bank of Canada, with earlier investors Anthos Capital, Artiman Ventures, Garage Capital and Plug and Play Tech Center.[3] In September 2020, the company raised additional C$70 Million in Series C extension with participation from ETS, Index Ventures, Blue Cloud Ventures, Harmonic Growth Partners, and additional investors.[2] In October 2020, the company announced partnership with Times Higher Education.[9]
References
- ^ "Kitchener, Ont., startup hits $1B valuation to become Canada's latest 'unicorn'". CTV News. Retrieved November 6, 2020.
- ^ a b "Study Abroad EdTech Company ApplyBoard Raises $55 Million Series C Extension". Forbes. Retrieved November 6, 2020.
- ^ a b c d "Edtech's newest unicorn, ApplyBoard, lands $1.4B valuation with fresh funding". TechCrunch. Retrieved November 6, 2020.
- ^ "ApplyBoard Raises C $ 100 Million And Calls For $ 2 Billion "Unicorn" Assessment". fr24news. Retrieved November 6, 2020.
- ^ "Technology Fast 50 program". Deloitte. Retrieved November 6, 2020.
- ^ "ApplyBoard Secures USD$13 Million Series A Funding Led by Artiman Ventures". Financial Post. Retrieved November 6, 2020.
- ^ "APPLYBOARD CLOSES CDN$55 MILLION SERIES B". Communitech.ca. Retrieved November 6, 2020.
- ^ "Kitchener's ApplyBoard appoints brother of British PM as chairman". CTV News. Retrieved November 6, 2020.
- ^ "THE announces partnership with ApplyBoard". The Pie News. Retrieved November 6, 2020.
External links
Category:Canadian companies established in 2015 Category:2015 establishments in Ontario Category:Software companies established in 2015 Category:Software companies of Canada Category:Educational technology companies Category:Educational technology companies of Canada