Edtech startup Cialfo bags $4.1m in series A funding
The funds will be used to support its US expansion.
Edtech platform Cialfo has raised $4.1m (US$3m) in a series A funding led by DLF Ventures, bringing its total funding to date to over $6.8m (US$5m).
The funds will be utilised for further supporting its US expansion. The funding round is also attended by Enterprise Singapore’s investment arm SEEDS Capital, YK Capital, as well asand angel investorss.
Cialfo’s platform aids in managing college student applications globally by sending students’ documents to universities directly and displays college information. The firm has a headcount of 25 and is expecting it to double by 2020. It also has offices in Singapore, New York, Beijing, and New Delhi.
“We now have clients in more than 40 countries, with around 100,000 students using Cialfo worldwide – a number we expect to grow to 500,000 by year end. Overall, we’re targeting a US$2 addressable market for our services globally and remain committed to increasing access to education everywhere,” said Rohan Pasari, co-founder and CEO of Cialfo.