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Leading EdTech platform launches first Slate integration with globally renowned technology research university
“With growing pressure for admissions officers in the U.S. to meet enrollment targets with smaller teams post-COVID, Cialfo believes the right technologies used in the right way and at the right time during a student’s college search and selection process can empower everyone." Commenting on the significance of the Cialfo/Rensselaer Polytechnic Institute integration, William Hund, Chief Product Officer and Co-founder of Cialfo said: "With growing pressure for admissions officers in the U.S. to meet enrollment targets with smaller teams post-COVID, Cialfo believes the right technologies used in the right way and at the right time during a student's college search and selection process can empower everyone, and we're committed to continuously evolving our platform and other offerings to do so. The fact that our first Slate integration is with such a revered tech research university as RPI is as fitting as it is exciting, and it's a great step towards making higher education more accessible worldwide." The announcement comes during this year's Slate Summit and off the back of Cialfo's inaugural meeting of an advisory board created with other renowned colleges and universities across the U.S. to spur innovation in higher education and international student mobility. In addition to RPI, Cialfo forged a partnership with Portland State University earlier this year and is working on a potential Slate integration with them as well.Commenting on the significance of the Cialfo/Rensselaer Polytechnic Institute integration, Megan Whalen, Associate Director, Undergraduate Admissions and Director of International Recruitment, Rensselaer Polytechnic Institute, said: "Cialfo's easy-to-setup Slate integration allows our team to have the most updated information about interested students from around the world possible, all without needing to manually upload spreadsheets. This means we can connect and engage with these students and other adjacent cohorts even faster. As a result, Cialfo's integration with Slate adds tremendous value to an already fruitful partnership."ABOUT CIALFO Cialfo provides transformative technologies, thinking and tools to students and schools – from K12 to universities – so they can more easily meet, manage the career exploration and college application process, and make educated decisions about their future. Nearly 200 Cialfolk work from the company's headquarters in Singapore, at local offices in India, the United States, and China, as well as from nine other remote locations, to make higher education more accessible worldwide. For more information, visit http://www.cialfo.co.Media ContactBeth Molloy, ClearStory International, 353 0871518622, [email protected]SOURCE Cialfo
Publish Date : 2022-06-17
Singapore EdTech firm Cialfo secures a further $20M Series B funding led by Tiger Global
Singapore-based EdTech company Cialfo on Thursday announced it has secured a further $20 million in funding as part of a Series B extension led by United States-based investment firm Tiger Global. The news follows January’s announcement of a $40 million round co-led by global investment firm Square Peg, and Australian-headquartered SEEK Investments. This brings the total raised to date to $77 million, including the initial $15 million in Series A funding in February 2021. The latest funding will help the company to achieve its mission by increasing its investment in strategic markets and initiatives, including special scholarships for students in its global community, Cialfo said in a statement. A $20 million target was initially set for the Series B round, and the team managed to triple this figure as demand for international student mobility and virtual college recruitment soared during the pandemic, it added. “We are very excited to receive continued backing from the global investor community and we are grateful to Tiger Global for extending our Series B. Our full focus remains on evolving in a way that positively impacts our students, schools, and ultimately, society, with speed and at scale. This funding will help us to do just that. It naturally also will allow us to invest in continuous product development so we can deliver even more personalized and practical support to our community of students, counselors and universities. Importantly, growing our operations in critical markets, and expanding our 360 offerings to include scholarships, are among the ways we plan to capitalize on this infusion of capital, and give more back in return,” said Cialfo Chief Executive Officer and Co-Founder Rohan Pasari. Cialfo provides transformative technologies, thinking and tools to students and schools – from K12 to universities – so they can more easily meet, manage the career exploration and college application process, and make educated decisions about their future. Nearly 200 Cialfolk work from the company’s headquarters in Singapore, at local offices in India, the United States, and China, as well as from nine other remote locations, to make higher education more accessible worldwide. According to Cialfo, a short-term surge in EdTech spending, brought on by COVID-19, is expected to recalibrate to a longer-term integration of digital technologies by schools from K12 to universities, and to drive higher adoption rates of hybrid education experiences in the years ahead. Cited Research and Markets, it said the global education technology sector is experiencing a digital transformation – with a predicted growth of up to 130 percent by 2027 – which is expected to benefit people across a wide range of socio-economic and geographic backgrounds. Among the first movers in virtual student engagement, and a specialist in Asian markets, Cialfo is well-positioned to capture this opportunity. Cialfo platform currently connects over 250,000 high school students, their counselors, and families with over 1,000 colleges in 50 countries. With 85 percent of those students applying to three different countries – not colleges – the team has become renowned for its international student mobility capabilities. As a result, the brand also has quickly achieved trusted partner status with globally recognized universities such as Imperial College London in the United Kingdom, The University of Chicago in the United States, and IE University in Spain. Singapore edtech company Cialfo raises $40M in Series B led by Square Peg and SEEK Investments
Publish Date : 2022-03-10
Investment Notes: Cialfo $40m Series B — Square Peg
We have led a $40M round in Cialfo, a global edtech pioneering a new way for students and schools to undertake overseas tertiary education.It is our privilege to partner with Cialfo’s founders: Rohan Pasari, Stanley Chia and William Hund. It is rare to meet such a synergistic combination of founders that share a passion to change the status quo in international education. We are also delighted to work with new incoming investor, SEEK, and Cialfo’s existing investors that have backed the company yet again.A passionate team on a missionCialfo is a vessel to manifest the passion the co-founders share to transform international education for the better. It is a passion born of each founder’s personal experience, be it Rohan moving from India to Singapore for university and experiencing first-hand the friction and misaligned interests inherent in the status quo, or Stanley chasing his lifelong passion to make education more accessible.Rohan, Stanley and William have spent almost their entire careers focused on improving education outcomes in different ways.Paving a new wayEach year 6 million students travel internationally for tertiary study. This number is set to grow to 8 million by 2025. However, the process is riddled with unclear information, differing application processes for different colleges, and – in many cases- relies on 3rd party agents that facilitate admission for a fee. This agent-facilitated process is understandable given most of the international student flows are from developing to developed markets, and many students and families going through the process do not have English as their first language. The agency model can also in many cases lead to misaligned interests, as agents may not be incentivised to place a student in the “best fit” college vs the one that pays them the greatest commission.A unique approachCialfo’s approach is to put students and schools in the driving seat. Its core product is used in schools to assist students to plan for and embark on their journey from school to international tertiary education, helping multiple participants:Students: Learn about, apply for and track their tertiary education journey on one single platformStudent counsellors: Spend less time on admin and more time helping students plan to achieve their goals; andSchools: Give their students access to top global tertiary institutionsUniversities: Get a single platform through which they can directly communicate with a diverse pool of global candidates.This model seeks to redistribute value away from agents back to students and schools, but also grows the pie by democratising access to more students to study abroad.In addition to its existing products, Cialfo is also building out other capabilities to streamline the international student journey, includingProviding data analytic tools to universities to help them engage with more international students that would fit their criteria, andAugmenting the counselling capabilities in schools via Cialfo’s in-house “virtual counsellor” service.Today, many of the leading international schools around the world use Cialfo to help their students and counsellors. These include the likes of Cambridge, Oxford, Brown, the University of Pennsylvania, the University of Chicago, as well as local universities Singapore Management University and Yale-NUS. A growing number of university partners are also using Cialfo to engage more meaningfully with students around the world.Cialfo is building a single platform that unifies and makes easier the international student journey, which in success will encompass many other facets of the transition students make from their home to a new country.We are excited to partner with the team to build something that improves and grows international student mobility and experience, and in so doing contributes to bringing the world closer together.Learn more about Cialfo.
Publish Date : 2022-01-28
Singapore-based Career Guidance Platform Cialfo Raises $40M In Series B Funding Round
Cialfo, a Singapore-based EdTech platform that brings together people, software, and data to simplify college and career counselling workflows, announced that it has raised $40 million in Series B funding round led by Square Peg and SEEK Investments. The round also saw participation from returning investors SIG Global, DLF Ventures, January Capital and Lim Teck Lee. The fresh funding will be used to grow Cialfo’s global user base, add more features and look at potential acquisitions. Founded in 2017 by Rohan Pasari, Stanley Chia and William Hund, Cialfo offers digital solutions for college representatives and high schools to build relationships, including AI-powered college search, application management tools, and the ability to apply directly to thousands of higher learning opportunities globally. The platform’s Online Fairs also allow higher education institutions to host webinars and informational sessions to prospective students, in addition to direct engagement opportunities and data analytics. Cialfo is on a mission to transform the higher education landscape through AI-driven solutions that simplify the college application and career guidance process. Students, counsellors, parents and university representatives use Cialfo to dream, plan and achieve their goals. According to Cialfo’s team, the company’s mission has always been to help one million students in their journey of getting college ready. They believe there are three pillars required, access to information, personalized assistance and financial resources, and bringing all of the three together will enable the democratization of education. The startup has currently more than 170 employees in Singapore, India, the United States and China, and is partnered with about 1,000 universities around the world, including Imperial College London, the University of Chicago and IE University in Spain. Last year in February, Cialfo had raised a $15 million Series A funding round co-led by SIG and Vulcan Capital, with participation from new investors January Capital, Bisk Ventures as well as returning investors DLF Venture, Alto Partners Multi-Family Office, and Immobillari. Angel investors Patrick Walujo and Teik Ngan Loy, among others. The startup’s latest funding brings its total raised to $55 million.
Publish Date : 2022-01-27
Singapore-based Cialfo, which helps international students apply to hundreds of colleges in one form, raises a $40M Series B, bringing its total funding to $55M (Catherine Shu/TechCrunch)
Catherine Shu / TechCrunch:Singapore-based Cialfo, which helps international students apply to hundreds of colleges in one form, raises a $40M Series B, bringing its total funding to $55MApplying to colleges is one of the hardest parts of high school, especially for students who want to study abroad. Click here to read full news..
Publish Date : 2022-01-27
Daily Briefing: Cialfo nets $20m Series A+ funding; About 190 employers caught underpaying foreign workers from 2015 to 2019 | Singapore Business Review
And Google co-founder Sergey Brin to open branch of family office in Singapore.From e27:Cialfo, a Singapore-based startup in the international student mobility space, has raised $20m (US$15m) in an extension of its Series A round, co-led by existing investors SIG and Vulcan Capital.New investors, including January Capital and Bisk Ventures, besides angel investors such as Patrick Walujo and Teik Ngan Loy, also contributed.Cialfo will use the new capital for product innovation as well as expansion to India, China, and Southeast Asia. It also plans on working with leading universities to help them provide open online courses and other blended learning solutions.With this round, the company’s total funding raised so far has touched $30.12m (US$22.6m), according to Crunchbase data.Read more here.From ChannelNewsAsia:About 190 employers were found underpaying their foreign employees every year between 2015 and 2019, Manpower Minister Josephine Teo said on 2 February.She was responding to parliamentary questions from NCMP Leong Mun Wai and MP Muhamad Faisal Abdul Manap on the number of cases of firms underpaying its staff and the main methods of effecting such underpayments.Last month, local cupcake chain Twelve Cupcakes was fined $119,500 for underpaying seven employees of about $114,000 between December 2016 and November 2018.Between 2010 and 2014, an average of 60 employers every year were taken to task for underpaying their foreign employees’ salaries.Mrs Teo said in her written answer that the increased number of cases between 2015 and 2019 was a result of "improved detection capabilities" and education efforts to encourage foreign employees to report salary irregularities.Read more here.From DealStreetAsia:The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, joining the rush of uber-wealthy clans toward the Southeast Asian financial hub.Bayshore Global Management, the California-based firm that services Brin, established an office in Singapore late last year, according to documents filed with the corporate regulator. Deputy Chief Investment Officer Marie Young was appointed as a director of the unit.Brin is the world’s ninth richest person, with a net worth of $115.28b (US$86.5b), according to the Bloomberg Billionaires Index. He is the latest tycoon to take advantage of Singapore’s low taxes, high security, and generous incentives for family offices, which manage the lives and wealth of the super-rich.Read more here.
Publish Date : 2021-02-03