College admissions platform Cialfo lands $3m in series A round

Singapore-based college admissions platform Cialfo has raised US$3 million in a series A round led by Luxembourg-based DLF Ventures.

The Cialfo team / Photo source: Cialfo

The funding round also saw participation from Seeds Capital, the investment arm of Enterprise Singapore, as well as YK Capital and angel investors.

Cialfo said it plans to use the proceeds, which bumped up its total funding over US$5 million so far, to help it expand into the US. The startup also plans to double its global headcount – currently at 25 – in the next year.

It also disclosed plans to raise more funds in a series B round by late 2020 to support its global expansion.

Cialfo, which allows education institutions to better manage student applications, said it has secured partnerships with undergraduate college admission platform The Common Application and digital credentials service Parchment to support electronic document delivery to colleges.

With offices in Singapore, New York, Beijing, and New Delhi, Cialfo claims to have clients in over 40 countries, including Thailand and China.