Canadian online ed-tech platform ApplyBoard has raised $300 million in its Series-D round, at a post-money valuation of $3.2 billion.

Since its inception in 2015, ApplyBoard has raised $475 million. According to a statement, a portion of the proceeds will be used to expand its operations in India. The Ontario Teachers' Pension Plan Board led the round through its Teachers' Innovation Platform. Fidelity Management & Research, BDC, Harmonic, Index Ventures, Garage Capital, and Blue Cloud Ventures are among the existing investors.

ApplyBoard is the world's largest online platform, connecting international students, recruitment partners, and academic institutions on its platform to help students all over the world get the best education possible.

"With limited international travel over the past year, we are seeing pent-up demand from students looking to study abroad. We are excited for what this new investment will allow us to accomplish to help our students, partner institutions, and recruitment partners so that our industry can build back better in a post-COVID world," said Martin Basiri, Co-founder and CEO, ApplyBoard.

According to the company, India is central to defining and developing ApplyBoard's product strategies.

ApplyBoard's already strong presence in India will be significantly expanded.
Furthermore, the company stated that it intends to continue investing in the expansion of their product offerings to students and partners, as well as add to their growing brand visibility in India.

"We are excited by the opportunities this funding will provide as a significant part of this funding will help us further step up the product and business growth in India and support students wishing to study abroad along their journey," said Karunn Kandoi, GM and Head of India Operations at ApplyBoard India.