KITCHENER, Ontario–(BUSINESS WIRE)–ApplyBoard, the online platform that empowers students around the world to access top quality education, today announced it has raised C$375 million (US$300 million) in Series D funding at a post-money valuation of C$4 billion (US$3.2 billion).
The round was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on late-stage venture and growth equity investments in companies developing innovative technologies. Existing investors Fidelity Management & Research Company LLC, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures also participated in the round. Since its founding, ApplyBoard has raised C$600M (US$475M).