Enrolling in colleges is one of the hardest parts of high school, especially for students who want to study abroad. Cialfo wants to make the process easier, with a platform that includes school search, communication tools for advisors and students, and Direct Apply, which helps international students find and apply to hundreds of programs with a single application form. candidacy.
The Singapore-based edtech today announced that it has raised $40 million in Series B funding, led by Square Peg and SEEK Investments.
The round, which also saw participation from returning investors SIG Global, DLF Ventures, January Capital and Lim Teck Lee, brings Cialfo’s total raised so far to $55m, including a $15m Series A round. dollars announced in February 2021.
The company currently has more than 170 employees in Singapore, India, the United States and China, and is associated with approximately 1,000 universities worldwide, including Imperial College London, the University of Chicago and the IE University in Spain.
Ciaflo was founded in 2017 by Rohan Pasari, Stanley Chia and William Hund. The team told TechCrunch in an email that Pasari was prompted by his own experiences as a student. He grew up in India and his high school didn’t have a guidance counselor. As a result, students had to navigate the college application process on their own.
Pasari originally wanted to go to a four-year college in the United States, but her parents couldn’t afford the high tuition fees for international students. So he applied to schools in Singapore instead, earning a full scholarship to Nanyang Technological University (NTU). Before graduating, Pasari helped her sister and some of her friends through the college application process, which gave her the idea to start a business.
Pasari initially started an educational consulting firm with Chia, working with around 200 students at its peak. But the two wanted to use the technology to grow their operations, so they sold their education consultancy in 2017 and used the proceeds to launch Cialfo.
The company operates on a B2B model, selling subscriptions to schools. College counselors then invite students to the platform, which parents or guardians also have access to.
“Our mission has always been to help one million students prepare for college. We believe there are three necessary pillars – access to information, personalized support, and financial resources – and bringing all three together will enable the democratization of education,” the team told TechCrunch.
The new funding will be used to grow Cialfo’s global user base, add more features and review potential acquisitions.