Singapore-based edutech startup Cialfo has reportedly raised US$800,000 in a seed round from Singapore Health Management (SHM).
Cialfo revealed to e27 that the seed money will be used for product development, hiring and expansion into China (Shanghai and Chengdu) and the US within the next six to 12 months. The startup is still hoping to raise a further US$400,000 in seed funding to hit its US$1.2M goal.
It currently offers three core services: Get-a-Plan, which gamifies learning for SAT Tests on mobile and web; Collegify, which simplifies university applications with personalised consultations; and Sitfor, which offers ‘smart’ SAT classes.
“It has become extremely stressful for students to navigate through the highly competitive and complex college applications. The various application requirements and deadlines only add to this complexity,” says the startup on its website and adds, “Our web/mobile platform combines all the resources the students need in one place, enabling them to ace the SAT test and get into their dream college with minimal effort.”
The startup informed that it will be launching its online college application management tool by November 30.
Cialfo was founded by Rohan Pasari and Stanley Chia DingLi in June 2012, and currently has a team of nine. It is a graduate of the Silicon Valley accelerator programme Blackbox Connect Summer 2014 powered by Google for Entrepreneurs and its Collegify service was listed among the 20 Hottest Singapore Startups 2014 by Singapore Business Review.