Singapore: Cialfo, a Singapore-based startup in the international student mobility space, has raised US$15 million in an extension of its Series A round.
Cialfo will use the new capital for product innovation as well as expansion to India, China, and Southeast Asia. It also plans on working with leading universities to help them provide open online courses and other blended learning solutions.
Launched in 2017, Cialfo’s goal is to make learning opportunities accessible to students by leveraging data and technology to simplify college and career counseling workflows.
It does this through its AI-powered search application management tool, which allows students to apply directly to thousands of colleges across the globe.
“Within a short span of time, Cialfo has made big waves in the global edutech industry,” said Tommy Teo, Managing Director of Southeast Asia, Vulcan Capital.
The company also announced that it is in talks to acquire similar firms that operate in the K-12 space, with the aim of establishing an even stronger position and greater market share in the region.