Making use of to high schools is among the hardest elements of highschool, particularly for college students who wish to research overseas. Cialfo needs to make the method simpler, with a platform that features faculty analysis, communication instruments for counselors and college students, and Direct Apply, which helps worldwide college students discover and apply to a whole lot of applications with a single software kind.
The Singapore-based edtech introduced at this time it has raised $40 million in Sequence B funding, led by Sq. Peg and SEEK Investments.
The spherical, which additionally noticed participation from returning traders SIG World, DLF Ventures, January Capital and Lim Teck Lee, brings Cialfo’s whole raised thus far to to $55 million, together with a $15 million Sequence A introduced in February 2021.
The corporate at the moment has greater than 170 workers in Singapore, India, the US and China, and is partnered with about 1,000 universities world wide, together with Imperial Faculty London, the College of Chicago and IE College in Spain.
Ciaflo was based in 2017 by Rohan Pasari, Stanley Chia and William Hund. The group advised TechCrunch in an e mail that Pasari was prompted by his personal experiences as a pupil. He grew up in India and his highschool didn’t have a profession counselor. Consequently, college students had been left to navigate the school software course of on their very own.
Pasari initially wished to go to a four-year college in the US, however his mother and father couldn’t afford the excessive worldwide pupil charges, so he utilized to colleges in Singapore as a substitute, getting a full scholarship to Nanyang Technological College (NTU). Earlier than graduating, Pasari helped his sister and a few of his associates via the school software course of, which planted the concept of launching a enterprise in his thoughts.
Pasari initially began an schooling consultancy agency with Chia, working with about 200 college students at its peak. However the two wished to make use of tech to scale up their operations, in order that they bought their schooling consultancy in 2017 and used the proceeds to launch Cialfo.
The corporate operates on a B2B mannequin, promoting subscriptions to colleges. Faculty counselors then invite college students onto the platform, which oldsters or guardian have entry to as nicely.
“Our mission has at all times been to assist a million college students of their journey of getting school prepared. We consider there are three pillars required—entry to data, customized help and monetary assets—and convey all the three collectively will allow the democratization of schooling,” the group advised TechCrunch.
The brand new funding might be used to develop Cialfo’s world person base, add extra options and take a look at potential acquisitions.