The people
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Working at ApplyBoard
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On the TechTO stage
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About
Founded in Kitchener in 2015 by Martin, Meti and Massi Basiri, ApplyBoard raised a C$375M Series D in June 2021 and appeared on TechTO's Canadian Rocketship podcast weeks later. Martin Basiri stepped down as CEO in 2022 and his brother Meti took over. The business has since contracted: valuation fell from roughly $3.2B in 2021 to under $1B by 2024, and the company cut more than 150 staff in 2025 as study-permit policy tightened across major destinations.
Backers
Raised $18M Series A (2018), $55M Series B (2019), $100M Series C (2020) and C$375M Series D (June 2021). Basiri said on the TechTO stage that Ontario Teachers' Pension Plan led the Series D — lead attribution is stage-sourced, not independently confirmed.
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Quick answers
What does ApplyBoard do?
It connects students applying to study abroad with institutions and recruitment partners across Canada, the US, UK, Australia, Ireland and Germany.
Who runs ApplyBoard?
Meti Basiri is CEO and co-founder; Massi Basiri is President and co-founder. Their brother Martin, the founding CEO, stepped down in 2022 and now runs Passage.
How big did ApplyBoard get?
It reached a roughly $3.2B valuation in its 2021 Series D. That fell to under $1B by 2024, and it cut more than 150 staff in 2025 as study-permit policy tightened.