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ApplyBoard Raises C$375M in Series D Funding With Valuation of C$4 Billion

ApplyBoard Raises C$375M in Series D Funding With Valuation of C$4 Billion ApplyBoard, a Kitchener, Ontario, Canada-based online platform for students to access top quality education, raised C$375m (US$300m) in Series D funding at a post-money valuation of C$4 billion (US$3.2 billion). The round was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP), with participation from existing investors Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures. Since its founding, ApplyBoard has raised C$600M (US$475M). The company intends to use the funds to expand its business reach.

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