SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, the US-headquartered learning business started 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. San Francisco based Owl Ventures is the biggest edtech sector-focused equity capital company worldwide. Accel, who previously invested $7 million in Series B, also took part in this round.
SplashLearn, previously Splash Math, produces engaging discovering experiences built to transform kids into courageous students. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that uses each kid an individualized knowing experience that is fun and immersive. It is presently utilized in 150+ nations and has benefitted more than 40 million kids around the world.
Owl Ventures is the largest endeavor capital fund in the world focused on the education innovation market with over $1.2 billion in possessions under management. The Silicon Valley-based firm purchases the worlds leading education innovation business throughout the education spectrum including PreK-12, higher education and future of work (career mobility/ expert learning). Owl Ventures has deep domain proficiency and leverages a global network of Limited Partners, investors, and tactical partners to help business owners scale their companies into transformative category-leading business. Discover more at www.owlvc.com
The bulk of the organization comes from the United States and presently, students in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based knowing program that intelligently adapts to each kids knowing ability and assists them master abilities at their own pace.
SplashLearn, the US-headquartered learning company began 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. SplashLearn is a game-based knowing program that wisely adjusts to each childs learning ability and helps them master abilities at their own rate. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to consist of reading and also introduced an individualized tutoring product, owing to growing demand from parents and teachers.
” We are proud to partner and assistance SplashLearn which is bringing about an improvement in the digital learning space,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
Accel is an international venture capital firm that partners with remarkable founders with special insights, from creation through all phases 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 amongst the companies the firm has actually backed over the previous 35+ years.
” SplashLearn is well poised to cause an unique modification in the digital learning area with its unique mix of clinically designed curriculum and its pedagogical approaches with global appeal. SplashLearn suits our goal of supporting ingenious business in the edtech space, helping drive a paradigm shift in the method education is imparted, bringing it to scale” stated Amit A. Patel Managing Director, Owl Ventures, who would be signing up with the businesss board in addition to Abhinav Chaturvedi.
SplashLearn is offered across all digital platforms (iOS, Android and Web). To learn more, check out www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
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SplashLearn, formerly Splash Math, develops engaging discovering experiences developed to transform children into courageous learners.
In 2020, more than 10 million new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to include reading and also introduced a tailored tutoring product, owing to growing need from instructors and parents.
eSchool News Staff.
” We visualize a world where every child would discover, fearlessly. The games within the program aim to shift the present narrative around learning, turning it into an experience that enhances the kids desire to find out by making learning itself rewarding for each child. Therefore decreasing their fear of failure, and creating what we like to call courageous learners” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for growth and scaling our new vertical– tutoring”, he included.