MME Alumni-led ApplyBoard closes $100MM funding round during pandemic

Friday, July 17, 2020

Martin Basiri
Congratulations Martin Basiri (MASc ’13) and the whole ApplyBoard team!

The ApplyBoard team raised $100 million in funding during the pandemic. This means it can expand the company’s reach by improving technology and partnering with more educational institutions around the world to serve more students.

“Student success and well-being are always at the centre of everything we do, and COVID-19 has only heightened our attention to students, says ApplyBoard CEO and co-founder Martin Basiri (MASc ’13). “There is far more at stake than economics. We are talking about the lives and futures of human beings who have, in many respects, placed themselves in our care.”

Basiri co-founded the company with his brothers Meti and Massi in 2015 to help international students apply to colleges and universities in North America. In 2019, ApplyBoard topped the Deloitte Technology Fast 50 ranking as the fastest-growing tech company in Canada with a three-year growth rate of 12,525 percent. The company partners with more than 1,200 educational institutions around the world and has assisted more than 100,000 students.

Read the full story on University of Waterloo Magazine