Ontario Teachers Pension Plan has led the round that valued the ETS-backed student recruitment platform at more than $3bn.
ApplyBoard, a Canada-based cross-border student recruitment platform backed by education services provider Educational Testing Service (ETS), has secured $230m in a funding round led by Ontario Teachers Pension Plan, the Globe and Mail reported yesterday.
Existing backers including financial services group Fidelity also took part in the round, the newspaper’s sources said. Just under half of the money formed part of a secondary transaction.
The round is said to value ApplyBoard at more than $3bn and could still attract additional…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
