Aditya Hadi Pratama · · 2 min readSquare Peg co-leads $40m round of 🇸🇬 edtech firm
Cialfo, a Singapore-based edtech firm, has raised US$40 million in its series B round led by Square Peg and Seek Investments.
(From left) Cialfo founders William Hund, Rohan Pasari, and Stanley Chia / Photo credit: Cialfo
Cialfo connects high schoolers, counsellors, and colleges to ease the career exploration and college search process. The company also plans to release a tool this year that allows students to apply for education programs globally and track the progress of their applications.
The edtech firm said it has partnered with over 1,000 colleges, including Imperial College London in the UK, The University of Chicago in the US, and IE University in Spain.
The latest investment comes amid a boom in edtech solutions in Singapore as schools and higher education institutions look to provide students with a digital platform for documenting and tracking online education. The country’s e-learning market is expected to hit US$2.2 billion in value by 2027.
Founded by Rohan Pasari, Stanley Chia, and William Hund in 2017, Claifo currently employs over 170 staff. It has raised US$55 million in total funding.
The company will use the fresh funds to increase its user base and develop features on its platform.
See also: Series SEA: Who’s investing in the region’s education startups?
Other investors in this round include:
- SIG Global
- Vulcan Capital
- DLF Venture
- January Capital
- Lim Teck Lee
Editing by Deepti Sri and Lorenzo Kyle Subido
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