ApplyBoard, a leading edtech company based in Waterloo Region, has announced a $100M CAD financing deal with RBCx, the innovation arm of the Royal Bank of Canada. The financing will accelerate ApplyBoard’s global expansion and investment in AI-powered technology.
Overview:
ApplyBoard is continuing its mission to transform international student mobility by securing a $100M CAD financing deal with RBCx. This investment will fuel product development and global growth, positioning ApplyBoard to expand its offerings and market reach.
Highlights:
- Kitchener-based edtech company ApplyBoard has secured $100M CAD in financing from RBCx to support product development, AI-powered solutions and global expansion.
- ApplyBoard is targeting 20 new study destinations by the end of the decade, with Germany soon joining its current roster, which already includes Canada, the US, the UK, Australia and Ireland.
- The financing supports the continued development of ApplyBoard’s AI-powered tools, like its Generative AI advisor, Abbie, designed to guide students throughout their study abroad journey.
- Meti Basiri, Co-Founder & CEO of ApplyBoard, remarked: “The international education landscape is rapidly evolving as we expect student mobility to double in the coming years, further validating the potential international students unlock for communities, economies and cultures around the world. With the support from RBCx, we can enable our investment in technology and increase market expansion opportunities to bring more innovative products and offerings to both students and partner institutions.”
Why it matters:
This announcement reinforces the region’s reputation as a hub for innovation and investment and highlights the financial backing available for Canadian companies. For businesses considering expansion, partnering with investors like RBCx can accelerate growth and drive global impact in sectors like education technology and AI.
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