ApplyBoard co-founder and CEO Martin Basiri. Photo credit: ApplyBoard

ApplyBoard, a Canadian ed-tech startup, has announced it’s raised C$100M ($71 million) in Series C funding that values it at about C$2 billion ($1.4 billion). The funding was led by Drive Capital, with participation from the likes of Fidelity Investments, the Business Development Bank of Canada, and existing investors including Anthos Capital, Garage Capital, and Artiman Ventures. With the new funding round, ApplyBoard’s total funding since inception now adds up to about C$173 million ($123 million).

ApplyBoard is an online student recruitment platform that connects students globally to educational opportunities. The Canadian startup works with more than 1,200 educational institutions and more than 4,000 recruitment personnel to connect vetted applicants to universities across Canada, the U.S., and the U.K. Altogether, ApplyBoard says it’s helped more than 100,000 students globally to find placements in universities. In just five years, ApplyBoard has grown to have more than 400 employees across 20 countries. ApplyBoard has grown rapidly, such that Deloitte last year recognized it as Canada’s fastest-growing technology company.

ApplyBoard is headquartered in the Canadian province of Ontario.