Funding round
ApplyBoard Series C
ApplyBoard, which works in international education platform development in Kitchener, raised $55M in a Series C round announced on 16 Sep 2020, at a $1.40B post-money valuation. 3 firms took part. It is ApplyBoard's third venture round on record; the one before was a Series B in May 2019.
$55M
Amount raised
$1.40B
Post-money valuation
3
Investors
no lead named
3.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ApplyBoard at $1.40B after the new money. The $55M bought investors about 3.9% of the company. It came 16 months after ApplyBoard's Series B. It is 13% of the $409M ApplyBoard has raised in the venture rounds on record. ApplyBoard raised again 9 months later: a Series D round of $300M in Jun 2021, at $3.20B 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
3 firms took part; no lead investor was named.
Investors
- Index Ventures backs 353 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- backs 10 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
389 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Zwift Tech Companies | 16 Sep 2020 | $450M | $1.00B | KKR |
| Biofourmis Tech Companies | 3 Sep 2020 | $100M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 21 Sep 2020 | $90M | not disclosed | SIG and RTP Global |
| Tech Companies | 30 Sep 2020 | $50M | not disclosed | LEGO Ventures and Sesame Workshop |
| Tech Companies | 14 Sep 2020 | $40M | not disclosed | Insight Partners |
| Tech Companies | 23 Sep 2020 | $23M | not disclosed | Iron Pillar |
| Tech Companies | 15 Sep 2020 | $12M | not disclosed | Allegis Capital and Signal Peak Ventures |
| Tech Companies | 6 Oct 2020 | $207M | $2.00B | BlackRock |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did ApplyBoard raise in its Series C round?
ApplyBoard raised $55M in its Series C round, announced in Sep 2020.
Which investors took part in ApplyBoard's Series C round?
Index Ventures, Blue Cloud Ventures and Harmonic Growth Partners.
What was ApplyBoard's valuation at the Series C round?
$1.40B post-money.
How does it compare with other Series C rounds in Tech Companies?
389 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median.
Did ApplyBoard raise again after this round?
Yes: a Series D round in Jun 2021 of $300M at $3.20B post-money.