ApplyBoard

ApplyBoard in its $70 million Series C extension

Client

ApplyBoard

Value

$70 million

Service

Emerging and High Growth Companies

Date Closed

September 2020

Industry

Venture Capital

Lead Office

Toronto


 

On September 16, 2020, ApplyBoard completed its $70 million Series C extension. The round was led by new strategic partner, Education Testing Services and included Index Ventures, Blue Cloud Ventures and Harmonic Growth Partners. The funding will be used to grow ApplyBoard’s team and expand its technology, this includes a data platform for its school and recruitment partners, along with new products for recruitment partners. The financing will also be used to pursue geographic expansion in the United Kingdom and Australia. Along with the investment, ApplyBoard has entered into a strategic partnership with Education Testing Services which will allow both companies to create a seamless application experience for international students that require language testing.

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.

Education Testing Services is one of the world’s largest non-profit educational testing and assessment organizations focused on developing, administering and scoring over 50 million tests annually in more than 180 countries worldwide. Education Testing Services works with educations institutions, businesses and governments to create assessments, research and services designed to advance the field of educational measurement.

Osler, Hoskin & Harcourt LLP advised ApplyBoard with a team consisting of Chad Bayne, Michael Grantmyre, Andrew Irwin, Shalu Atwal and Isaac da Silva Aboo (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

Andrew Irwin

Andrew Irwin

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

Isaac DaSilva Aboo

Isaac da Silva Aboo

Associate, Emerging and High Growth Companies