Singapore-based Edtech firm Cialfo has raised $20 mn in Series B extension funding round from Tiger Global.
Before this round Cialfo raised $40 million in the first phase of their Series B round, bringing the total to $60 million from Australia-headquartered SEEK Investments and Square Peg.
The company plans to use the funds to strengthen tech team and expand its geographical presence in India.
“Our focus remains on evolving with speed and at scale. This funding will help us to do just that. It will also allow us to invest in continuous product development for personalised and practical support to our community of students, counselors, and universities,” said Rohan Pasari, Co-founder and CEO at Cialfo.
Singapore-based Cialfo was founded in 2017 by Rohan Pasari, Stanley Chia and William Hund, Cialfo is a software development company where students connect easily with counsellors, across 100 countries, for the university application process.
“Importantly, growing our operations in critical markets, and expanding our 360 offerings to include scholarships, are among the ways we plan to capitalise on this infusion of capital,” Rohan added.
Cialfo started operating in India in 2019 and claims to have over 300 high schools and 60 universities enrolled as members on its platform.
The company said that Cialfo is on mission to transform the higher education landscape through AI-driven solutions that simplify the college application and career guidance process and make education accessible to 100 million students globally by 2030.
AI driven platform has connected with 1000 higher education institutions in 50+ countries, as well as counselors and leaders at more than 1600 schools globally. Cialfo is backed by many investors like SIG, Vulcan Capital, DLF Venture, B Capital and many more.