Singapore-based education technology (EdTech) startup, Cialfo, has raised an undisclosed amount in a pre-Series A funding.
The investment was led by Govin Capital, who partnered and encouraged Koh Boon Hwee, Former Chairman of Singtel, Singapore Airlines, DBS Bank, to co-invest in Cialfo. The startup will use the funds for product development, recruitment, and expansion into China, India and Southeast Asia.
Cialfo was founded in 2012 by Rohan Pasari and Stanley Chia with an aim of making tertiary education more accessible to students. In line, the startup established an online platform to streamline the application process of universities in the United States and United Kingdom.
"Cialfo has seen remarkable growth the last four years; we now look to accelerate through strategic partnerships beyond Singapore and Southeast Asia. Cialfo now works with some of the leading private college counsellors and high schools across Singapore, China, Vietnam, and India. We will now reach more students, tapping into the multi-billion dollar a year opportunity of helping Asian students find their ideal university," Pasari said in a press release.
"Working with thousands of students in Singapore, and across Asia, Cialfo's understanding of the pain points faced by educational institutes, consultancies, and students has enabled it to build innovative platforms and tools that are seeing rapid uptake within the education ecosystem. We observe an increasing trend in the number of Singaporeans and students in Asia for overseas ivy-league universities. We are delighted to partner with veteran investor Koh Boon Hwee to make Cialfo a world-class local brand in EdTech," said Anand Govindaluri, Founder and CEO of Govin Capital & Board Director, Cialfo.
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