Study abroad platform ASL raises $5 Mn in bridge round

Study-abroad platform ASL (Adventum Student Living) has raised $5 million led by new investor Cornerstone Ventures (CSVP Fund) and existing investors as a bridge round to its proposed Series B funding of $20 million.

The firm had raised $5 million in a Series A round in May last year.

The company plans to utilise the fresh funds to expand its presence internationally and enhance its product suite to manage the complete student lifecycle from application to accommodation, ASL said in a press release.

Co-founded in 2019 by Amit Singh and Sayantan Biswas, ASL is the parent company of other study-abroad platforms such as UniScholars, UniCreds and UniAcco. It provides a one-stop solution for all study-abroad needs of students. UniScholars is a platform for test preparation, counselling, university applications, course shortlisting and visa assistance through over 100 expert counsellors. UniCreds provides affordable education loan in multiple currencies whereas UniAcco helps students find an accommodation of their choice.

According to ASL, UniScholars has successfully placed students in more than 100 universities worldwide, providing counselling and support services throughout the admissions process. It claims that UniCreds has facilitated over $100 million in education loans through banking and NBFC partners and UniAcco has over 3.5 million student accommodation beds in the UK, EU, Canada, and Australia. Together, these three platforms provide a comprehensive set of resources to support students in various aspects of their study abroad journey and it has facilitated 500K students since its inception.

ASL competes with the likes of EUgateway, IDP consultancy, Edwise, Leverage Edu, The WorldGrad and others.