ApplyBoard operates a technology platform that connects international students, recruitment partners, and educational institutions worldwide. Using artificial intelligence, the platform simplifies the process of discovering universities, submitting applications, and managing admissions workflows.
The company also supports students with guidance across documentation, acceptance, and visa processes, making international education more accessible and efficient.
What Is ApplyBoard and What Does It Do?
ApplyBoard, founded in 2015, is a Kitchener-based (Canada) higher-education technology company focused on global student recruitment. The platform enables students to search, apply, and enroll in universities and colleges across multiple countries through a single digital interface.
ApplyBoard employs 22 employees as of December 2024 and serves institutions and students across North America, Europe, and the Asia-Pacific region.
How Much Funding Has ApplyBoard Raised?
1. Series C
- Amount Raised: $70.9M
- Date: May 2020
- Lead Investors: Drive Capital, Fidelity, BDC
- Motivation: To scale AI-driven admissions matching and expand institutional partnerships.
2. Series C (Extension)
- Amount Raised: $55M
- Date: September 2020
- Lead Investors: Index Ventures, Harmonic, ETS
- Motivation: To accelerate global expansion and support growing international demand.
3. Series D
- Amount Raised: $310M
- Date: June 2021
- Lead Investors: Ontario Teachers’ Pension Plan, Fidelity Investments
- Motivation: To strengthen platform capabilities, expand globally, and scale operations.
Total Funding Raised: $496 Million
Current Valuation: $3.2 Billion (as of Jun 2021)
Latest Funding Date: June, 2021
Key Investors
1. Ontario Teachers’ Pension Plan
- Details: One of the world’s largest institutional investors with a global private capital portfolio.
- Investment Focus Areas: Education, technology, infrastructure, growth equity.
- Notable Investments: ApplyBoard, Epic Games, Coinbase.
2. Fidelity Investments
- Details: Global asset management firm investing across public and private markets.
- Investment Focus Areas: Technology, fintech, consumer platforms.
- Notable Investments: ApplyBoard, Stripe, SpaceX.
3. Index Ventures
- Details: Venture capital firm backing category-defining global technology companies.
- Investment Focus Areas: SaaS, fintech, marketplaces.
- Notable Investments: ApplyBoard, Revolut, Roblox.
4. Harmonic
- Details: Early-stage venture firm focused on mission-driven founders.
- Investment Focus Areas: Education technology, healthcare, climate.
- Notable Investments: ApplyBoard, Andela, Knewton.
Where Is ApplyBoard’s Headquarters?
ApplyBoard is headquartered in Kitchener, Canada, operating as a global hub for product development, partnerships, and international education services.
What’s Next for ApplyBoard?
ApplyBoard is expected to deepen its presence across emerging study destinations while enhancing its AI-powered matching and admissions workflows. With growing global demand for international education, the company is positioned to expand institutional partnerships, improve visa success rates, and strengthen its role as a core infrastructure provider for global student mobility.
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