Cialfo co-founder Rohan Pasari
Cialfo, a Singapore-based startup in the international student mobility space, has raised US$15 million in an extension of its Series A round co-led by new investors SIG and Vulcan Capital
Backers also include January Capital, Bisk Ventures, Patrick Walujo and Teik Ngan Loy.
Cialfo will use the new capital for product innovation as well as expansion to India, China and Southeast Asia. It also plans on working with leading universities to help them provide open online courses and other blended learning solutions.
Launched in 2017, Cialfo’s goal is to make learning opportunities accessible to students by leveraging on data and technology to simplify college and career counselling workflows.
It does this through its AI-powered search application management tool, which allows students to apply directly to thousands of colleges across the globe.
On the other end, higher education institutions can leverage on Cialfo’s solutions to attract and recruit students through virtual college fairs, direct engagement opportunities and data analytics that give them a better understanding of the student.
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In 2020, the startup claims to have secured 650 partnerships with top institutions such as Cambridge, Oxford, Brown, University of Pennsylvania, University of Chicago as well as local universities like Singapore Management University and Yale-NUS.
Additionally, Cialfo is also working with more than 1,200 K-12 schools across 90 countries and claims to have grown its revenue by over 200 per cent year-on-year.
“Within a short span of time, Cialfo has made big waves in the global edutech industry,” said Tommy Teo, Managing Director of Southeast Asia, Vulcan Capital.
The company also announced that it is in talks to acquire similar firms that operate in the K-12 space, with the aim of establishing an even stronger position and greater market share in the region.
Besides Singapore, the startup also has offices in New Delhi, Shanghai and Washington DC.
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Image Credit: Cialfo
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