Singapore-based Cialfo, which provides access to international higher education options for students globally, has secured US$40 million in a Series B round of financing, led by global investor Square Peg and Australia-based SEEK Investments.
SIG Global, Vulcan Capital, DLF Venture, January Capital, and Lim Teck Lee participated in the round.
This capital will enable the edutech company to grow its user base and develop new features for high school students, counsellors, families and universities.
This latest round brings Cialfo’s total funds raised to date to US$57 million, including a US$15 million in Series A funding in February 2021.
Started in 2017 by Rohan Pasari, Stanley Chia, and William Hund, Cialfo is a platform that aims to transform the higher education landscape by simplifying the college application process and making education accessible to all.
Cialfo aims to empower students and schools — from K12 to university — throughout the career exploration and college search and selection process.
Also Read: College admission platform Cialfo raises US$3M Series A funding
With over 170 employees across Singapore, India, the US and China, Cialfo connects high school students, their counsellors, and families with over 1,000 colleges. Its university partners include Imperial College London in the UK, The University of Chicago in the United States, and IE University in Spain.
The company is currently working on a new tool called Direct Apply that allows students and counsellors to seamlessly apply, track, and send documents to hundreds of programs globally using a single application form.
According to Education Data, the international higher education sector is expected to rise to more than 7 million students by 2030 and increase in total market value from US$280 billion to US$400 billion.
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Image Credit: Cialfo
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