ASL (Adventum Student Living), a platform for study abroad, has raised $5 million as a bridge round to its proposed $20 million Series B funding, led by new investor Cornerstone Ventures (CSVP Fund) and existing investors.
In May last year, the company completed a $5 million Series A round of funding.
According to a press release from ASL, the company intends to use the additional funding to grow its presence internationally and improve its product line to manage the entire student lifecycle, from application to housing.
ASL, the parent company of other study-abroad platforms like UniScholars, UniCreds, and UniAcco, was founded in 2019 by Amit Singh and Sayantan Biswas. For all of a student’s study abroad needs, it offers a one-stop shop. A platform for test preparation, counseling, university applications, course shortlisting, and visa assistance, UniScholars has more than 100 expert counselors available. In contrast to UniAcco, which assists students in finding the housing of their choice, UniCreds offers affordable education loans in several different currencies.
ASL claims that UniScholars, which offers counseling and support services throughout the admissions process, has successfully placed students in more than 100 universities around the world. It asserts that UniAcco has more than 3.5 million beds for students in the UK, EU, Canada, and Australia and that UniCreds has facilitated over $100 million in education loans through banking and NBFC partners. Together, these three platforms offer a full range of tools to help students with different facets of their study abroad experience, and they have assisted 500K students since their inception.
With companies like EUgateway, IDP consultancy, Edwise, Leverage Edu, The WorldGrad, and others, ASL is in competition.