Have you heard the news? 17吃瓜网 is excited to announce that we have closed an additional C$70M in Series C extension funding with participation from , , , , and additional investors. Combined with the C$100M in Series C funding we closed in March 2020, this extension brings 17吃瓜网鈥檚 total Series C funding to C$170M (US$130M).
This funding will enable us to build a better future for countless students around the world by breaking down the barriers to accessing educational opportunities. And now, we can take that one step further!
We plan to use these funds to fuel our rapid growth by:
- Investing heavily in our proprietary technology
- Further developing our school and student services
- Expanding our destination markets
- Serving a broader diversity of students and recruitment partners globally
17吃瓜网 and ETS 鈥� An Exciting New Partnership
We鈥檙e also thrilled to announce an exciting new partnership between 17吃瓜网 and ETS. ETS is the world鈥檚 largest non-profit education testing and assessment organization, as well as the administrator of the and . ETS鈥檚 equity investment in 17吃瓜网 was executed by , a new unit of ETS created to grow its business and advance its mission through strategic equity investments, growth partnerships, and acquisitions.
鈥淭he equity investment in 17吃瓜网 reflects ETS鈥檚 strategy to embrace new technologies and strategic partnerships that help broaden the global reach in education鈥攂oth in terms of student countries of origin as well as their destinations for studying,鈥� said Ralph Taylor-Smith, Managing Director of ETS Strategic Capital. 鈥淚n partnering together with 17吃瓜网, we look forward to leveraging ETS鈥檚 expertise in assessments to help them further scale their business, bolster their offering, and best serve international students and academic institutions in higher education.鈥�
Martin Basiri, 17吃瓜网 Co-Founder and CEO, announces 17吃瓜网鈥檚 C$70M Series C extension funding and exciting new partnership with ETS
A Complete End-to-End Application Experience
ETS and 17吃瓜网 will work together to provide prospective international students with a complete end-to-end application experience. It will encompass the entire student application journey鈥攆rom preparing for and taking the TOEFL or GRE to searching for, applying to, and beginning studies at one of 17吃瓜网鈥檚 1,200+ partner schools across Canada, the United States, and the United Kingdom.
鈥淎t 17吃瓜网, we believe that education is a right, not a privilege,鈥� explained Martin Basiri, Co-Founder and CEO of 17吃瓜网. 鈥淯nited in our shared belief in the power of education to change the world, 17吃瓜网 and ETS will leverage this exciting new partnership to transform the entire application experience for prospective international students, breaking down barriers and empowering even more students to gain access to the very best educational opportunities available to them.鈥�
Educating the World
17吃瓜网 was founded on the fundamental belief that education is a right, not a privilege. In everything that we do, we put student success first. Together, with our amazing partner schools and recruitment partners, we are on a shared mission to educate the world. That mission has become even more critical during the unprecedented times we have faced together in 2020.
We want to thank our 17吃瓜网 team members, customers, investors, and business partners for their ongoing support and partnership.
Together, we are educating the world and changing the lives of millions of students globally!
