Study Abroad EdTech Company ApplyBoard Raises $55 Million Series C Extension At $1.4 Billion Valuation

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Though study abroad is canceled at American universities, ApplyBoard--the one-stop-shop for international student application and enrollment--is doing better than ever.

Brother Meti , Martin and Meti came from Iran to study abroad in Canada. The difficulty they experienced applying inspired the foundation of ApplyBoard.ranian brothers Massi, Meti and Martin Basiri had such difficulty applying to study in Canada, they quit their jobs in 2015 to build the Common Application equivalent for international students.

“Our new investors approached us immediately after the Series C,” said Basiri. “As the time frame was very close and the amount was smaller than what we'd consider for our next raise level, we decided to do it as a Series C extension, rather than a Series D. If we do a Series D, it would be for a substantially larger amount.”

Though U.S. students can’t currently travel abroad, Applyboard has experienced a 300% uptick in schools signing up for its service during the pandemic as universities seek substitutes for face-to-face interactions with prospective students. ApplyBoard works with major institutions like University of Delaware, Arizona State University and Johns Hopkins in the U.S. and others like McGill University in Canada and the University of Manchester in the U.K.

 

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