ApplyBoard

ApplyBoard in its CAD $100 million Series C financing round

Client

ApplyBoard

Value

CAD$100 million

Service

Emerging and High Growth Companies

Date Closed

May 2020

Industry

Venture Capital

Lead Office

Toronto


 

On May 4, 2020, ApplyBoard completed its CAD $100 million Series C financing round led by Drive Capital. The financing round places ApplyBoard at a CAD $2 billion valuation, making it the latest Canadian tech company to reach Unicorn status: a private company with a valuation of over US $1 billion. The funding will allow ApplyBoard to hire more staff and aid in achieving the company’s vision.

ApplyBoard is a Kitchener-Waterloo based technology firm specialized in simplifying the study abroad search, application and acceptance process by connecting students, recruitment partners and academic institutions on one platform. ApplyBoard is partnered with over 1,200 educational institutions and works with over 4,000 recruitment partners to help international students apply for schooling in Canada, the United States and the United Kingdom.

Drive Capital is an Ohio based venture capital firm focused on investments in technology, healthcare and consumer companies.

Osler, Hoskin & Harcourt LLP advised ApplyBoard with a team consisting of Chad Bayne, Michael Grantmyre, Justin Dharamdial, Andrew Irwin, Isaac da Silva Aboo and Shalu Atwal (Emerging and High Growth Companies).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Michael Grantmyre

Michael Grantmyre

Associate, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Andrew Irwin

Andrew Irwin

Associate, Emerging and High Growth Companies

Isaac DaSilva Aboo

Isaac da Silva Aboo

Associate, Emerging and High Growth Companies

Shalu is an associate in the firm’s Emerging and High Growth Companies Group.

Shalu Atwal

Associate, Emerging and High Growth Companies