Singapore-based edtech startup Cialfo, which uses data to streamline college and career workflows, has extended its Series A funding round to the tune of $15 million.
The new round, spearheaded by Vulcan Capital and trader SIG with fellow new entrants January Capital and Bisk Ventures, was joined by existing investors Imobillari, Multi-Family Office, DLF Venture and Alto Partners. It will help Cialfo scale into Southeast Asia, China and India.
Cialfo will also use the money to develop AI and science-based products, and pair with leading universities to provide online and other mixed courses – the demand for which has skyrocketed in the year since the COVID-19 pandemic broke out.
“The adoption of technology-driven education solutions is rising at an unprecedented rate,” said Rohan Pasari, CEO of Cialfo. “A standstill on global travel has upended education entirely – forcing high schools and universities to engage current and potential students virtually.”