Cialfo, a Singapore-based company that connects students across the world to foreign higher education alternatives, has raised US $40 million in a Series B round of funding headed by global investor Square Peg and Australia-based SEEK Investments.
The round included SIG Global, Vulcan Capital, DLF Venture, January Capital, and Lim Teck Lee.
With this funding, the edutech firm will be able to expand its user base and develop new services for high school students, counsellors, families, and institutions.
Cialfo has already secured a total of US $57 million in investment, including a US $15 million Series A funding round in February 2021.
Cialfo is a platform founded in 2017 by Rohan Pasari, Stanley Chia, and William Hund with the goal of transforming the higher education environment by simplifying the college application process.
Cialfo’s mission is to empower kids and schools — from kindergarten through university — throughout the career exploration and college search and selection process.
Cialfo connects high school students, counsellors, and families with over 1,000 universities through its network of over 170 employees in Singapore, India, the United States, and China. Imperial College London in the United Kingdom, The University of Chicago in the United States, and IE University in Spain are among its university partners.
The business is now developing Direct Apply, a new platform that lets students and counsellors to apply, track, and transmit papers to hundreds of institutions around the world using a single application form.
The worldwide higher education market is predicted to grow to more than 7 million students by 2030, according to Education Data.
