Square Peg and Seek Investments have led a $40m series B round in Singapore based Cialfo, supporting founders Rohan Pasari, Stanley Chia and William Hund’s vision in transforming international education for the better - making it more accessible .
They do this by providing access to international higher education options for students worldwide.
Square Peg, together with Seek, join existing investors including Susquehanna Growth Equity (SGE), Vulcan Capital, DLF Venture, January Capital, and Lim Teck Lee investments.
Singapore’s e-learning market is expected to hit US$2.2 billion in value by 2027.
It’s predicted that the total market value of higher education will grow from $280 billion to $400 billion, serve more than 7 million students by 2030.
Investment notes by Square Peg
https://www.squarepegcap.com/blog/investment-notes-cialfo-usd40m-series-b
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