ApplyBoard raises $55 million CAD Series B for international student recruitment platform
Summary
The round was led by Anthos Capital, a California-based investment firm that looks to invest in growth-stage companies, and saw participation from existing investor Artiman Ventures, the early stage venture fund based in Silicon Valley that led ApplyBoard’s Series A. Martin Basiri the co-founder and CEO of ApplyBoard told BetaKit that the company’s rapid growth precipitated the second raise so shortly after it’s Series A. He noted, after that first round ApplyBoard had a lot of interest and opportunity to raise more capital, but chose to focus on company growth before deciding to bring on more investors. The speed of its growing team prompted ApplyBoard to move offices twice within the past couple years, with the company officially opening its 30,000 square foot headquarters in Kitchener, in April. ApplyBoard has no plans of slowing down, Martin told BetaKit, calling the company the number one player in the world in terms of the Canadian market. With its Series B funding, the company plans to hire more than 100 employees over the next year for its Kitchener and international offices, as it pursues accelerated expansion into new markets.