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ApplyBoard valuation, funding and investors

ApplyBoard works in international education platform development, based in Kitchener, Canada. Founded in 2015, it has about 1,080 employees.

Tech Companies Debt
VALUATION · TODAY
$1.39B −8% after Series D
Range $331M – $5.75B · Grade D
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
$8.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $12.9M
Series B $40.9M
Series C $55.0M
Series D $300M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY1,075 employees
−4%6m growth
−12%1y growth
−33%2y growth
1,000
2,000
Data from Jan 2021
TODAY
Predicted in 1 yr $1.28B −8% vs today
Predicted next raise $544M if a round comes
Winding-down probability 71%
Last round
Series D · $300M · Jun 2021
Valuation at last round
$3.20B
Headcount
1,075 · down
Grade
D
Founded
2015
How VCMC values companies →

ApplyBoard valuation today

VCMC values ApplyBoard at $1.4B today, with a range of $331M to $5.7B and a grade of D. The valuation starts from its last funding round, a Series D round in Jun 2021.

Valuation by date (147 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

ApplyBoard: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$5.17M$1.88M – $14.2M$5.41M (+5%)before first round–unknownD0%
1 Feb 2015$5.19M$1.89M – $14.2M$5.44M (+5%)before first round–unknownD0%
1 Mar 2015$5.21M$1.90M – $14.3M$5.46M (+5%)before first round–unknownD0%
1 Apr 2015$5.23M$1.90M – $14.4M$5.48M (+5%)before first round–unknownD0%
1 May 2015$5.25M$1.91M – $14.4M$5.50M (+5%)before first round–unknownD0%
1 Jun 2015$5.27M$1.92M – $14.5M$5.52M (+5%)before first round–unknownD0%
1 Jul 2015$5.29M$1.93M – $14.5M$5.54M (+5%)before first round–unknownD0%
1 Aug 2015$5.31M$1.93M – $14.6M$5.69M (+7%)before first round–unknownD0%
1 Sep 2015$5.33M$1.94M – $14.6M$5.84M (+10%)before first round–unknownD0%
1 Oct 2015$5.35M$1.95M – $14.7M$5.99M (+12%)before first round–unknownD0%
1 Nov 2015$5.37M$1.96M – $14.8M$6.16M (+15%)before first round–unknownD0%
1 Dec 2015$5.39M$1.96M – $14.8M$6.32M (+17%)before first round–unknownD0%
1 Jan 2016$5.41M$1.97M – $14.9M$6.49M (+20%)before first round–unknownD0%
1 Feb 2016$5.44M$1.98M – $14.9M$6.67M (+23%)before first round–unknownD0%
1 Mar 2016$5.46M$1.99M – $15.0M$6.84M (+25%)before first round–unknownD0%
1 Apr 2016$5.48M$1.99M – $15.0M$7.02M (+28%)before first round–unknownD0%
1 May 2016$5.50M$2.00M – $15.1M$7.21M (+31%)before first round–unknownD0%
1 Jun 2016$5.52M$2.01M – $15.2M$7.40M (+34%)before first round–unknownD0%
1 Jul 2016$5.54M$2.02M – $15.2M$7.60M (+37%)before first round–unknownD0%
1 Aug 2016$5.69M$2.07M – $15.6M$7.80M (+37%)before first round–unknownD0%
1 Sep 2016$5.84M$2.13M – $16.1M$8.01M (+37%)before first round–unknownD0%
1 Oct 2016$6.00M$2.18M – $16.5M$8.22M (+37%)before first round–unknownD0%
1 Nov 2016$6.16M$2.24M – $16.9M$8.45M (+37%)before first round–unknownD0%
1 Dec 2016$6.32M$2.30M – $17.4M$8.67M (+37%)before first round–unknownD0%
1 Jan 2017$6.49M$2.36M – $17.8M$8.90M (+37%)before first round–unknownD0%
1 Feb 2017$6.67M$2.43M – $18.3M$9.14M (+37%)before first round–unknownD0%
1 Mar 2017$6.83M$2.49M – $18.8M$9.36M (+37%)before first round–unknownD0%
1 Apr 2017$7.01M$2.55M – $19.3M$9.62M (+37%)before first round–unknownD0%
1 May 2017$7.20M$2.62M – $19.8M$9.87M (+37%)before first round–unknownD0%
1 Jun 2017$7.39M$2.69M – $20.3M$10.1M (+37%)before first round–unknownD0%
1 Jul 2017$7.59M$2.76M – $20.8M$10.4M (+37%)before first round–unknownD0%
1 Aug 2017$7.79M$2.84M – $21.4M$10.7M (+37%)before first round–unknownD0%
1 Sep 2017$8.01M$2.91M – $22.0M$11.0M (+37%)before first round–unknownD0%
1 Oct 2017$8.22M$2.99M – $22.6M$11.3M (+37%)before first round–unknownD0%
1 Nov 2017$8.44M$3.07M – $23.2M$11.6M (+37%)before first round–unknownD0%
1 Dec 2017$8.66M$3.15M – $23.8M$11.9M (+37%)before first round–unknownD0%
1 Jan 2018$8.90M$3.24M – $24.4M$12.2M (+37%)before first round–unknownD0%
1 Feb 2018$9.14M$3.33M – $25.1M$12.5M (+37%)before first round–unknownD0%
1 Mar 2018$9.36M$3.41M – $25.7M$12.8M (+37%)before first round–unknownD0%
1 Apr 2018$9.62M$3.50M – $26.4M$13.2M (+37%)before first round–unknownD0%
1 May 2018$9.87M$3.59M – $27.1M$13.5M (+37%)before first round–unknownD0%
1 Jun 2018$10.1M$3.69M – $27.8M$13.9M (+37%)before first round–unknownD0%
1 Jul 2018$10.4M$3.79M – $28.6M$14.3M (+37%)before first round–unknownD0%
5 Jul 2018$72.0M$47.2M – $197M$129M (+80%)after a round–unknownC0%
1 Aug 2018$75.2M$47.2M – $197M$129M (+72%)after a round–unknownC0%
1 Sep 2018$79.0M$47.2M – $197M$129M (+64%)after a round–unknownC0%
1 Oct 2018$83.0M$47.2M – $197M$129M (+56%)after a round–unknownC0%
1 Nov 2018$87.2M$47.2M – $197M$129M (+48%)after a round–unknownC0%
1 Dec 2018$91.5M$47.2M – $197M$129M (+41%)after a round–unknownC0%
1 Jan 2019$96.2M$47.2M – $197M$129M (+35%)after a round–unknownC0%
1 Feb 2019$101M$47.2M – $197M$129M (+28%)after a round–unknownC0%
1 Mar 2019$106M$47.2M – $197M$129M (+22%)after a round–unknownC0%
1 Apr 2019$111M$47.2M – $197M$129M (+16%)after a round–unknownC0%
1 May 2019$117M$47.2M – $197M$129M (+11%)after a round–unknownC0%
28 May 2019$220M$155M – $468M$330M (+50%)after a round–unknownB0%
1 Jun 2019$221M$155M – $468M$330M (+49%)after a round–unknownB0%
1 Jul 2019$228M$155M – $468M$330M (+44%)after a round–unknownB0%
1 Aug 2019$236M$155M – $468M$330M (+39%)after a round–unknownB0%
1 Sep 2019$245M$155M – $468M$330M (+35%)after a round–unknownB0%
1 Oct 2019$253M$155M – $468M$330M (+30%)after a round–unknownB0%
1 Nov 2019$262M$155M – $468M$330M (+26%)after a round–unknownB0%
1 Dec 2019$271M$155M – $468M$330M (+22%)after a round–unknownB0%
1 Jan 2020$280M$155M – $468M$330M (+18%)after a round–unknownB0%
1 Feb 2020$290M$155M – $468M$330M (+14%)after a round–unknownB0%
1 Mar 2020$299M$155M – $468M$330M (+10%)after a round–unknownB0%
1 Apr 2020$310M$155M – $468M$330M (+6%)after a round–unknownB0%
1 May 2020$320M$155M – $468M$330M (+3%)after a round–unknownB0%
1 Jun 2020$330M$154M – $468M$330M (0%)after a round–unknownB0%
1 Jul 2020$330M$147M – $468M$330M (0%)after a round–unknownB0%
1 Aug 2020$330M$141M – $468M$330M (0%)after a round–unknownC0%
1 Sep 2020$330M$135M – $468M$330M (0%)after a round–unknownC0%
17 Sep 2020$1.4B$1.2B – $2.1B$1.8B (+30%)after a round–unknownA0%
1 Oct 2020$1.4B$1.2B – $2.1B$1.8B (+29%)after a round–unknownA0%
1 Nov 2020$1.4B$1.2B – $2.1B$1.8B (+26%)after a round–unknownA0%
1 Dec 2020$1.5B$1.2B – $2.1B$1.8B (+23%)after a round–unknownA0%
1 Jan 2021$1.5B$1.2B – $2.1B$1.8B (+20%)after a round490unknownA0%
1 Feb 2021$1.5B$1.2B – $2.1B$1.8B (+18%)after a round490unknownA0%
1 Mar 2021$1.6B$1.2B – $2.1B$1.8B (+15%)after a round490unknownA0%
1 Apr 2021$1.6B$1.2B – $2.1B$1.8B (+13%)after a round490flatA0%
1 May 2021$1.6B$1.2B – $2.1B$1.8B (+10%)after a round490flatA0%
1 Jun 2021$1.7B$1.2B – $2.1B$1.8B (+8%)after a round490flatA0%
16 Jun 2021$3.2B$2.8B – $4.8B$4.2B (+30%)after a round490flatA0%
1 Jul 2021$3.2B$2.8B – $4.8B$4.2B (+29%)after a round490flatA0%
1 Aug 2021$3.3B$2.8B – $4.8B$4.2B (+26%)after a round490flatA0%
1 Sep 2021$3.4B$2.8B – $4.8B$4.2B (+23%)after a round490flatA0%
1 Oct 2021$3.5B$2.8B – $4.8B$4.2B (+20%)after a round490flatA0%
1 Nov 2021$3.5B$2.8B – $4.8B$4.2B (+18%)after a round490flatA0%
1 Dec 2021$3.6B$2.8B – $4.8B$4.2B (+15%)after a round490flatA0%
1 Jan 2022$3.7B$2.8B – $4.8B$4.2B (+13%)after a round490flatA0%
1 Feb 2022$3.8B$2.8B – $4.8B$4.2B (+10%)after a round490flatA0%
1 Mar 2022$3.9B$2.8B – $4.8B$4.2B (+8%)after a round490flatA0%
1 Apr 2022$4.8B$2.8B – $6.1B$5.3B (+11%)after a round1,500growingB0%
1 May 2022$5.0B$2.8B – $6.1B$5.3B (+7%)after a round1,500growingB0%
1 Jun 2022$5.2B$2.8B – $6.1B$5.3B (+2%)after a round1,500growingB0%
1 Jul 2022$5.3B$2.8B – $6.1B$5.3B (0%)after a round1,500growingB0%
1 Aug 2022$5.3B$2.9B – $6.1B$5.3B (0%)after a round1,500growingB0%
1 Sep 2022$5.3B$3.0B – $6.1B$5.3B (0%)after a round1,500growingB0%
1 Oct 2022$5.3B$3.1B – $6.1B$5.3B (0%)after a round1,500growingB0%
1 Nov 2022$5.3B$2.5B – $6.1B$5.3B (0%)after a round1,500unknownB0%
1 Dec 2022$5.5B$3.0B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Jan 2023$5.5B$3.0B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Feb 2023$5.5B$3.0B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Mar 2023$5.5B$3.1B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Apr 2023$5.5B$3.1B – $6.3B$5.5B (0%)after a round1,700upB0%
1 May 2023$5.5B$3.1B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Jun 2023$5.5B$3.2B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Jul 2023$5.5B$2.9B – $6.3B$5.5B (0%)after a round1,700upB0%
1 Aug 2023$5.5B$2.8B – $6.3B$5.4B (-1%)after a round1,700upB0%
1 Sep 2023$5.5B$2.8B – $6.3B$5.4B (-1%)after a round1,700upB0%
1 Oct 2023$5.5B$2.7B – $6.3B$5.4B (-2%)after a round1,700upB0%
1 Nov 2023$5.5B$1.6B – $6.3B$5.3B (-4%)after a round1,700flatC0%
1 Dec 2023$5.5B$1.5B – $6.3B$5.2B (-5%)after a round1,700flatC0%
1 Jan 2024$5.5B$1.4B – $6.3B$5.2B (-5%)after a round1,700flatC0%
1 Feb 2024$4.5B$1.4B – $6.1B$3.8B (-15%)after a round1,600flatC25%
1 Mar 2024$4.3B$1.3B – $6.1B$3.5B (-18%)after a round1,600flatC31%
1 Apr 2024$4.2B$1.2B – $6.2B$3.4B (-18%)after a round1,600flatC31%
1 May 2024$4.2B$1.2B – $6.2B$3.4B (-19%)after a round1,600flatC31%
1 Jun 2024$4.2B$1.1B – $6.2B$3.3B (-20%)after a round1,600flatC31%
1 Jul 2024$4.0B$1.1B – $6.2B$3.2B (-19%)after a round1,600flatC30%
1 Aug 2024$4.0B$1.0B – $6.2B$3.3B (-18%)after a round1,600flatC28%
1 Sep 2024$4.0B$956M – $6.1B$3.3B (-18%)after a round1,600flatC26%
1 Oct 2024$4.0B$910M – $6.1B$3.3B (-18%)after a round1,600flatC26%
1 Nov 2024$3.1B$853M – $6.0B$2.3B (-25%)after a round1,500downC48%
1 Dec 2024$3.0B$812M – $6.0B$2.3B (-25%)after a round1,500downC48%
1 Jan 2025$2.9B$771M – $5.9B$2.2B (-25%)after a round1,500downD48%
1 Feb 2025$2.9B$733M – $5.9B$2.2B (-25%)after a round1,500downD48%
1 Mar 2025$2.8B$700M – $5.9B$2.1B (-25%)after a round1,500downD48%
1 Apr 2025$2.8B$665M – $5.9B$2.1B (-25%)after a round1,500downD48%
1 May 2025$2.8B$633M – $5.8B$2.2B (-23%)after a round1,500flatD44%
1 Jun 2025$2.9B$602M – $5.8B$2.3B (-21%)after a round1,500flatD40%
1 Jul 2025$1.2B$552M – $5.9B$895M (-28%)after a round1,263downD97%
1 Aug 2025$1.2B$520M – $5.8B$888M (-25%)after a round1,220downD97%
1 Sep 2025$1.1B$494M – $5.8B$887M (-23%)after a round1,220downD97%
1 Oct 2025$1.1B$471M – $5.8B$887M (-20%)after a round1,220downD97%
1 Nov 2025$722M$441M – $1.9B$571M (-21%)after a round1,145shrinkingC97%
1 Dec 2025$692M$420M – $1.9B$571M (-18%)after a round1,145shrinkingC97%
1 Jan 2026$663M$399M – $1.8B$570M (-14%)after a round1,145shrinkingC97%
1 Feb 2026$632M$378M – $1.8B$568M (-10%)after a round1,124shrinkingC97%
1 Mar 2026$920M$361M – $5.7B$870M (-5%)after a round1,124downD97%
1 Apr 2026$888M$343M – $5.7B$870M (-2%)after a round1,124downD97%
1 May 2026$872M$334M – $5.7B$870M (0%)after a round1,124downD97%
1 Jun 2026$982M$332M – $5.6B$975M (-1%)after a round1,098downD89%
1 Jul 2026$1.1B$332M – $5.5B$917M (-17%)after a round1,098downD82%
1 Aug 2026$1.2B$332M – $5.4B$1.0B (-16%)after a round1,099downD76%
1 Sep 2026$1.3B$332M – $5.3B$1.1B (-15%)after a round1,099downD70%
1 Oct 2026$1.3B$331M – $5.3B$1.1B (-15%)after a round1,075downD71%
24 Oct 2026$1.4B$331M – $5.7B$1.3B (-8%)after a round1,075downD71%

Key facts about ApplyBoard

Founded
2015
Headquarters
Kitchener, Canada
Employees
about 1,080 -6% in a year
Total raised
$483M
Funding rounds
5
Last round
Debt Sep 2024

ApplyBoard was founded in 2015 by Martin Basiri, Massi Basiri and Meti Basiri.

ApplyBoard funding history

ApplyBoard has 5 funding rounds on record, from Jul 2018 to Sep 2024, $483M in total. The latest disclosed valuation is $3.20B post-money (Series D, Jun 2021).

  1. Debt 17 Sep 2024no round page

    Led by RBCx.

    Sources: globenewswire.com, betakit.com

    $74M

  2. Series D 15 Jun 2021

    Led by Ontario Teachers’ Pension Plan; with Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital, Blue Cloud Ventures.

    Sources: applyboard.com

    $300M

    $3.20B post-money

  3. Series C 16 Sep 2020

    With Index Ventures, Blue Cloud Ventures, Harmonic Growth Partners.

    Sources: applyboard.com

    $55M

    $1.40B post-money

  4. Series B 27 May 2019

    Led by Anthos Capital; with Artiman Ventures.

    Sources: applyboard.com, nextsparc.com, prnewswire.com

    $41M

  5. Series A 4 Jul 2018

    Led by Artiman Ventures; with 500 Global, Candou Ventures, Think Plus.

    Sources: applyboard.com, thepienews.com

    $13M

ApplyBoard investors

14 investors have backed ApplyBoard; Artiman Ventures, Anthos Capital and Ontario Teachers’ Pension Plan and 1 more led at least one round.

What ApplyBoard does

ApplyBoard works in tech companies, with 12 recorded offerings and customers in education.

ApplyBoard Inc. is a Canadian educational technology company that develops and operates a digital platform for international students seeking to study abroad. The company provides services including application support, document verification, language testing, visa processing, and financial services such as student loans and language test vouchers. ApplyBoard also offers accommodation support and collaborates with recruitment partners and institutions to facilitate global education opportunities.

Description from Veridion's company data.

Products and services

  • International Education Platform Development
  • Study Application Management Services
  • Document Verification Services
  • Language Test Administration Services
  • Visa Application Support Services
  • Student Loan Services
  • Financial Aid Consulting Services
  • Accommodation Search and Booking Services
  • Educational Consulting Services
  • AI-Powered Application Tools Development
  • Accessibility and Diversity Support Services
  • Global Institution Partnership Services

Markets

  • Education

Technology

  • AI-Powered Document Verification

Business model

  • Business-to-Business
  • Business-to-Consumer
  • Service Provider
  • Software-as-a-Service

Industry codes (NAICS)

  • 513210 Software Publishers 50% match
  • 611710 Educational Support Services 30% match
  • 522291 Consumer Lending 20% match

Questions about ApplyBoard

What is ApplyBoard worth?

Valuation $1.4B (range $331M to $5.7B), as of 24 Oct 2026. The last disclosed valuation was $3.20B (Series D, Jun 2021).

Has ApplyBoard raised money?

ApplyBoard has 5 funding rounds on record, from Jul 2018 to Sep 2024, $483M in total. The latest disclosed valuation is $3.20B post-money (Series D, Jun 2021).

Who has invested in ApplyBoard?

Artiman Ventures, Anthos Capital, Ontario Teachers’ Pension Plan, RBCx, Blue Cloud Ventures and Index Ventures, and 8 more. Lead investors include Artiman Ventures, Anthos Capital, Ontario Teachers’ Pension Plan and RBCx.

How many people work at ApplyBoard?

About 1,080, down 6% over the last year. Headcount rose from 490 in Jan 2021 to 1,700 in Dec 2022, then fell to 1,075 in Sep 2026.

What does ApplyBoard do?

ApplyBoard works in tech companies, with 12 recorded offerings and customers in education. Its main offerings are international education platform development, study application management services and document verification services.

When was ApplyBoard founded, and where is it based?

ApplyBoard was founded in 2015 and is based in Kitchener, Canada. It has about 1,080 employees, down 6% over the last year.