SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, the US-headquartered finding out company began 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. San Francisco based Owl Ventures is the largest edtech sector-focused endeavor capital firm worldwide. Accel, who earlier invested $7 million in Series B, likewise took part in this round.
Owl Ventures is the largest venture capital fund in the world focused on the education innovation market with over $1.2 billion in possessions under management. Owl Ventures has deep domain competence and leverages a worldwide network of Limited Partners, financiers, and tactical partners to help business owners scale their companies into transformative category-leading business.
The video games within the program aim to move the existing story around knowing, turning it into an experience that augments the kids desire to learn by making learning itself rewarding for every kid. Thus decreasing their fear of failure, and creating what we like to call brave learners” stated Arpit Jain, CEO and co-founder, SplashLearn.
With the start of Covid-19, SplashLearn saw a rise of almost 3x in adoption, as more trainees turned online and households began seeking instructional assistance. In 2020, more than 10 million brand-new users joined the SplashLearn program. The demand came in not only from the US but also the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to include reading and also introduced a tailored tutoring item, owing to growing need from instructors and moms and dads.
” SplashLearn is well poised to produce an unique change in the digital knowing area with its distinct blend of clinically developed curriculum and its pedagogical techniques with international appeal. SplashLearn fits into our objective of supporting ingenious business in the edtech area, helping drive a paradigm shift in the method education is imparted, bringing it to scale” said Amit A. Patel Managing Director, Owl Ventures, who would be joining the businesss board together with Abhinav Chaturvedi.
SplashLearn is available across all digital platforms (iOS, Android and Web). To find out more, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
About the Author:.
The bulk of the company comes from the United States and presently, trainees in one in every 3 schools in the country usage SplashLearn. SplashLearn is a game-based learning program that intelligently adjusts to each childs learning capability and assists them master skills at their own rate.
About Owl Ventures.
SplashLearn, formerly Splash Math, develops engaging finding out experiences developed to transform kids into brave students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that uses each child a tailored knowing experience that is fun and immersive. It is currently used in 150+ nations and has actually benefitted more than 40 million kids around the world.
Accel is a worldwide endeavor capital company that partners with remarkable creators with special insights, from beginning through all stages of private business growth. Acko, Atlassian, Blackbuck, BookMyshow, Bounce, Braintree, BrowserStack, CrowdStrike, CureFit, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Kayak, Lynda.com, Qualtrics, Rovio, Slack, Spotify, Supercell, Swiggy, Tenable, UiPath, UrbanClap and Venmo are among the business the firm has backed over the previous 35+ years. The firm seeks to understand entrepreneurs as individuals, value their creativity and play to their strengths. Because achievement doesnt have a stereotype. For more, visit www.accel.com or www.twitter.com/accel_india.
” We are happy to partner and assistance SplashLearn which is bringing about an improvement in the digital learning space,” stated Abhinav Chaturvedi, Partner, Accel, who signed up with the businesss board in 2018
SplashLearn, formerly Splash Math, creates engaging finding out experiences developed to change children into fearless learners.
eSchool News Staff.
SplashLearn, the US-headquartered discovering company started 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. SplashLearn is a game-based learning program that smartly adapts to each childs learning capability and helps them master abilities at their own pace. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn expanded its offering beyond the math program to include reading and also introduced an individualized tutoring product, owing to growing demand from teachers and parents.