Funding round
ApplyBoard Series A
ApplyBoard, which works in international education platform development in Kitchener, raised $13M in a Series A round announced on 4 Jul 2018, led by Artiman Ventures. 4 firms took part. It is ApplyBoard's first venture round on record.
$13M
Amount raised
17,000,000 CAD converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
ApplyBoard did not disclose a valuation in this round. It is ApplyBoard's first venture round on record, 3 years after it was founded in 2015. It is 3.2% of the $409M ApplyBoard has raised in the venture rounds on record. ApplyBoard raised again 10 months later: a Series B round of $41M in May 2019. Its next priced round, a Series C in Sep 2020, valued it at $1.40B.
ApplyBoard's funding rounds
ApplyBoard has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Artiman Ventures led the round with 3 other firms.
Lead investor
- Artiman Ventures new investor
Also in the round
- 500 Global backs 327 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 7 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
823 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.6 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Jul 2018 | $37M | not disclosed | not named |
| Tech Companies | 1 Jul 2018 | $28M | not disclosed | not named |
| Tech Companies | 24 Jul 2018 | $25M | not disclosed | K1 Investment Management |
| Tech Companies | 18 Jul 2018 | $21M | not disclosed | Kleiner Perkins |
| Tech Companies | 25 Jul 2018 | $17M | not disclosed | Forgepoint Capital and M12 |
| Tech Companies | 30 Jul 2018 | $15M | not disclosed | not named |
| Tech Companies | 16 Jul 2018 | $15M | not disclosed | General Catalyst |
| Tech Companies | 12 Jul 2018 | $14M | not disclosed | Earlybird and Idinvest Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did ApplyBoard raise in its Series A round?
ApplyBoard raised $13M in its Series A round, announced in Jul 2018.
Who led ApplyBoard's Series A round?
Artiman Ventures led it, with 500 Global, Candou Ventures and Think Plus.
What was ApplyBoard's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
823 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 1.6 times the median.
Did ApplyBoard raise again after this round?
Yes: a Series B round in May 2019 of $41M.