Applyboard

“We’re on a mission to educate the world”

Founded: 2015 in Ontario, Canada

Category: Educational Technology

Primary office: Kitchener, ON (Canada)

Core technical team: Kitchener, ON (Canada)

Status: Private

Employees: 400+

Amount raised: CAD $172+ million (5 rounds – May 2020)

OVERVIEW

Provides an AI-driven online platform that connects International students with academic institutions and recruitment organizations in US, Canada and UK
Enables easy and seamless application and admission processes for all parties
Enables easy access to large number of schools, profile and eligibility matching, hassle-free admission process, tuition payments, scholarships, visa and settlement advice for International students

PERFORMANCE METRICS

ACHIEVEMENTS

Applications and Admissions Online Marketplace (1,200+ educational institutions and 30,000+ programs)
Referrals

Online and Mobile Apps (iOS & Android)
Social media engagement
Webinars and Virtual workshops
Platform connects students with U.S., U.K. and Canadian secondary and post-secondary institutions

Assets

SaaS-enabled platform that connects students, educational institutions and recruitment partners
Revenue sharing agreements with colleges and universities – per centage of tuition fees
Partners with over 1,200 educational institutions ranging from Grade school to Postgraduate studies
Partners with over 4,000 admissions/educational recruitment organizations

Processes

Priorities

Increase partnerships (e.g. extend partnerships to Airlines and financial Institutions)
Increase Cross-border operations (expand from U.S., U.K. and Canadian base)
Increase User base
Increase employees from 400 to 500

Develop and sell products that address a problem, job to be done or a need that is shared by a large and growing number of individuals and organizations in various regions to increase sales.
Increase value by arranging and directing a community comprised of groups that are external and internal to the company and connect everything needed to scale
Increase market share by applying digital technology to brand, market, sell, and service customers more cost-effectively than competitors
Increase the company’s value by continuously seeking and receiving funding to support the company’s plan to scale and improve its image in the marketplace
Continuously improve the user interfaces and applications that directly influence the entirety of the customer experience including personalized content, quality messaging, and the delivery and returns process to increase sales
Eliminate communication and coordination barriers when working with foreign partners that are geographically separate, institutionally distant, and operate in different time zones
Allow individuals and organizations to make money using your products and services
Expand brand coverage, eliminate intermediaries, and operate a platform that is simple to use, attracts a very large market, and enables the company to control the quality of the products traded on the platform
Enforce policies and procedures for resource combination, production and coordination, information search and gathering, bargaining, and accountability