Funding round
ApplyBoard Series B
ApplyBoard, which works in international education platform development in Kitchener, raised $41M in a Series B round announced on 27 May 2019, led by Anthos Capital. 2 firms took part. It is ApplyBoard's second venture round on record; the one before was a Series A in Jul 2018.
$41M
Amount raised
55,000,000 CAD converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
ApplyBoard did not disclose a valuation in this round. It came 10 months after ApplyBoard's Series A. It is 10% of the $409M ApplyBoard has raised in the venture rounds on record. ApplyBoard raised again 16 months later: a Series C round of $55M in Sep 2020, at $1.40B post-money.
ApplyBoard's funding rounds
ApplyBoard has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Anthos Capital led the round with 1 other firm.
Lead investor
- backs 44 venture-backed companies new investor
Also in the round
- Artiman Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
509 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 1.9 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BlueVoyant Tech Companies | 30 May 2019 | $83M | $430M | Fiserv |
| Tech Companies | 13 May 2019 | $56M | not disclosed | Stripes |
| Tech Companies | 22 May 2019 | $50M | not disclosed | Cathay Innovation |
| Biofourmis Tech Companies | 21 May 2019 | $35M | not disclosed | Sequoia India and MassMutual Ventures |
| Tech Companies | 15 May 2019 | $28M | not disclosed | Tiger Global |
| Tech Companies | 21 May 2019 | $25M | not disclosed | Kayne Partners |
| Tech Companies | 15 May 2019 | $25M | not disclosed | GreatPoint Ventures |
| Tech Companies | 30 May 2019 | $23M | not disclosed | Energy Impact Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did ApplyBoard raise in its Series B round?
ApplyBoard raised $41M in its Series B round, announced in May 2019.
Who led ApplyBoard's Series B round?
Anthos Capital led it, with Artiman Ventures.
What was ApplyBoard's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
509 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 1.9 times the median.
Did ApplyBoard raise again after this round?
Yes: a Series C round in Sep 2020 of $55M at $1.40B post-money.