Edutech firm Cialfo adds US$20M to its kitty to extend Series B round to US$60M

Singapore-based edutech company Cialfo has secured US$20 million in funding as part of a Series B extension, led by Tiger Global.

The news follows January’s announcement of a US$40 million round co-led by Square Peg and Australia’s SEEK Investments.

This tranche brings Cialfo’s total funding raised to date to US$77 million, including the initial US$15 million in Series A funding in February 2021.

The firm looks to increase its investment in strategic markets and initiatives, including special scholarships for students in its global community.

Formed in 2017 by CEO Rohan Pasari (India), Stanley Chia (Singapore) and William Hund (Australia), Cialfo empowers students and schools, from K12 to university, throughout the career exploration and college search and selection process.

Also Read: College admission platform Cialfo raises US$3M Series A funding

Its platform connects over 250,000 high school students, their counsellors, and families with over 1,000 colleges in 50 countries.

The firm has over 170 employees across Singapore, India, the US, and China.

According to Research and Markets, the global edutech sector is experiencing a digital transformation, with a suggested growth of up to 130 per cent by 2027, which is predicted to benefit people across a wide range of socio-economic and geographic backgrounds.

CEO Pasari said: “It [the funding] naturally also will allow us to invest in continuous product development so we can deliver even more personalised and practical support to our community of students, counsellors and universities. Importantly, growing our operations in critical markets, and expanding our 360 offerings to include scholarships, are among the ways we plan to capitalise on this infusion of capital and give more back in return.”

—

The post Edutech firm Cialfo adds US$20M to its kitty to extend Series B round to US$60M appeared first on e27.