Education tech firm Cialfo announced it has extended its series A funding round to US$15 million, led by quantitative trading firm SIG and Vulcan Capital.
New investors including January Capital, Bisk Ventures as well as returning investors DLF Venture, Alto Partners Multi-Family Office, and Immobillari also participated in the funding round.
Singapore-based Cialfo leverages data and technology to simplify college and career counseling workflows. It connects students, guardians, and teachers through the platform to explore career assessments through student reports and online events.
The company, which has offices in New Delhi, Shanghai, and Washington, D.C., also provides web and mobile solutions, including AI-powered college search, application management tools, and a communications suite, among others.
“The adoption of technology-driven education solutions is rising at an unprecedented rate,” said Cialfo CEO Rohan Pasari. “A standstill on global travel has upended education entirely – forcing high schools and universities to engage current and potential students virtually.”
The edutech firm will use the funds to expand into India, China, and Southeast Asia, as well as drive data science and AI-based product innovation. It’s also looking to target a larger number of K-12 schools in priority markets.
Cialfo plans to work with leading universities to help them provide open online courses and other blended learning solutions. It has also accelerated discussions around acquiring similar firms that operate in the K-12 space.
The company claims that its revenue has been growing over 200% year-on-year since 2018, teaming up with 1,200 schools across 90 countries.