Cialfo, a Singapore-based EdTech platform that brings together people, software, and data to simplify college and career counselling workflows, announced that it has raised $40 million in Series B funding round led by Square Peg and SEEK Investments.
The round also saw participation from returning investors SIG Global, DLF Ventures, January Capital and Lim Teck Lee.
The fresh funding will be used to grow Cialfo’s global user base, add more features and look at potential acquisitions.
Founded in 2017 by Rohan Pasari, Stanley Chia and William Hund, Cialfo offers digital solutions for college representatives and high schools to build relationships, including AI-powered college search, application management tools, and the ability to apply directly to thousands of higher learning opportunities globally. The platform's Online Fairs also allow higher education institutions to host webinars and informational sessions to prospective students, in addition to direct engagement opportunities and data analytics.
Cialfo is on a mission to transform the higher education landscape through AI-driven solutions that simplify the college application and career guidance process. Students, counsellors, parents and university representatives use Cialfo to dream, plan and achieve their goals.
According to Cialfo's team, the company's mission has always been to help one million students in their journey of getting college ready. They believe there are three pillars required, access to information, personalized assistance and financial resources, and bringing all of the three together will enable the democratization of education.
The startup has currently more than 170 employees in Singapore, India, the United States and China, and is partnered with about 1,000 universities around the world, including Imperial College London, the University of Chicago and IE University in Spain.
Last year in February, Cialfo had raised a $15 million Series A funding round co-led by SIG and Vulcan Capital, with participation from new investors January Capital, Bisk Ventures as well as returning investors DLF Venture, Alto Partners Multi-Family Office, and Immobillari. Angel investors Patrick Walujo and Teik Ngan Loy, among others. The startup's latest funding brings its total raised to $55 million.