Edtech startup ApplyBoard nets $17 mln in Artiman-led Series A

Waterloo-based education technology startup ApplyBoard has secured over $17 million (US$13 million) in a Series A financing. The round was led by U.S. venture capital firm Artiman Ventures and joined by existing investors, including 500 Startups, Candou Ventures and Think+. ApplyBoard, founded in 2015 by CEO Martin Basiri and CMO Meti Basiri, has created an artificial intelligence-enabled marketplace to help international students apply for study at post-secondary institutions worldwide. It has so far partnered with more than 750 North American educational institutions. ApplyBoard will use the funds raised for growth and to further develop its platform.

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