Martin Basiri

Martin Basiri is an Iranian-born technology entrepreneur, who is the co-founder and CEO of ApplyBoard and Passage,[3] an international student Edtech platform based in Kitchener, Ontario, Canada.[4]

Martin Basiri
Born1988
NationalityIranian
EducationShiraz University (BSc, Electrical and Electronics Engineering)[1] University of Waterloo (MASc, Mechanical and Mechatronics Engineering)[2]
Occupation(s)Co-founder and CEO, ApplyBoard & Passage

Early life

Basiri was born in 1988 in Iran. He is the oldest child in the family with two twin brothers, Meti and Massi, and a younger sister. Basiri had an early interest in building things at an early age and also in entrepreneurship building programs and tools that would continue into his undergraduate career where he built and sold six different products and patents.[5]

He would go on to earn a bachelor's degree in Electrical and Electronics Engineering from Shiraz University in his native Iran in 2010.[6] He then, as an international student, traveled to Canada to attend the University of Waterloo to eventually earn a Master's in Mechanical and Mechatronics Engineering in 2013.[7]

Basiri would go on to help his younger twin brothers, Meti and Massi, go through the international student application process to Canada where they would go on to attend Conestoga College in Kitchener, Ontario.[8] The challenges they faced during this process reportedly were the impetus for the creation of their company ApplyBoard.[9]

Career

Basiri worked as an engineer in the United States following the completion of his master's degree from the University of Waterloo.[10] He returned to Canada in 2014 to work with his brothers on developing what would become ApplyBoard.

ApplyBoard launched on May 5, 2015, in Waterloo, Ontario as an international student search and application platform with Martin serving as co-founder and CEO. Martin's connection to the University of Waterloo spurred on their acceptance into the Velocity incubator program.[11]

Basiri has led ApplyBoard through a number of funding rounds, most notably becoming a "unicorn" in 2020 after being valued at over $1 billion after their Series C, and again in June 2021 during their Series D which put the startup's value at more than $4 billion CDN.[12][13]

Basiri has also founded Passage, a startup venture that aims to help fill Canada's skilled labour gap by providing the funding required by prospective immigrant students so they that can secure their future in Canada's education and work spaces. This startup is armed with $40 million CDN, funded by Ohio based Drive Capital.[14]

Awards

Basiri was awarded the 2019 Young Alumni Achievement Medal from the University of Waterloo.[15] He was also named a 2021 Regional Finalist in EY’s annual Entrepreneur of the Year program.[16]

References
  1. "Martin Basiri", SAAS NORTH. Retrieved on 16 September 2021.
  2. "Young entrepreneurs with real-world experience build companies that scale fast", Waterloo News. Retrieved on 16 September 2021.
  3. "Financing international students' passages to education". Communitech. Retrieved 2023-06-28.
  4. "2020 Forbes 30 Under 30". Waterloo News. 2019-12-17. Retrieved 2021-09-16.
  5. "Martin Basiri". SAAS NORTH. Retrieved 2021-09-16.
  6. "Speaker Martin Basiri - CIX Summit 2019". cixsummit.com. Retrieved 2021-09-16.
  7. "Young entrepreneurs with real-world experience build companies that scale fast". Waterloo News. 2020-02-26. Retrieved 2021-09-16.
  8. "Studying in Canada gave me the opportunities to start my own business". Student. 2021-01-11. Retrieved 2021-09-16.
  9. Dec 10, Member News |; news, 2019 | Member; News (2019-12-10). "Forbes selects Meti and Massi Basiri of ApplyBoard for three of its Top 30 Under 30 lists". Communitech News. Retrieved 2021-09-16. {{cite web}}: |last2= has generic name (help)
  10. "Immigrants of Waterloo Region: Tech founder went from being an international student to creating 600 jobs". thestar.com. 2021-08-05. Retrieved 2021-09-16.
  11. "Young entrepreneurs with real-world experience build companies that scale fast". Waterloo News. 2020-02-26. Retrieved 2021-09-16.
  12. "Edtech's newest unicorn, ApplyBoard, lands $1.4B valuation with fresh funding". TechCrunch. 5 May 2020. Retrieved 2021-09-16.
  13. "Teachers' leads $230-million financing of ApplyBoard, valuing Waterloo unicorn at more than US$3-billion". Retrieved 2021-09-16.
  14. "ApplyBoard co-founder launches Passage to address Canada's skilled worker shortage with $40 million seed round | BetaKit". 2023-06-27. Retrieved 2023-06-28.
  15. "2019 Alumni Awards". Alumni. 2018-01-15. Retrieved 2021-09-16.
  16. "Meet Canada's EY Entrepreneur Of The Year 2021 Québec winners". www.ey.com. Retrieved 2021-09-16.
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