SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” SplashLearn is well poised to bring about a distinct change in the digital learning area with its special blend of clinically created curriculum and its pedagogical approaches with international appeal. SplashLearn suits our goal of supporting innovative companies in the edtech area, helping drive a paradigm shift in the way education is imparted, bringing it to scale” said Amit A. Patel Managing Director, Owl Ventures, who would be joining the businesss board along with Abhinav Chaturvedi.
” We are proud to partner and support SplashLearn which is bringing about a transformation in the digital knowing space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
With the beginning of Covid-19, SplashLearn saw a rise of practically 3x in adoption, as more trainees turned online and families began seeking instructional support. In 2020, more than 10 million new users joined the SplashLearn program. The need came in not just from the United States however likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to include reading and also released an individualized tutoring product, owing to growing demand from teachers and parents.
SplashLearn, the US-headquartered learning business began 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 kids knowing ability and helps them master abilities at their own rate. In 2020, more than 10 million new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to include reading and also introduced a tailored tutoring product, owing to growing need from moms and dads and instructors.
SplashLearn is readily available across all digital platforms (iOS, Android and Web). For additional information, check out www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
About the Author:.
SplashLearn, previously Splash Math, creates engaging discovering experiences developed to transform children into courageous students. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that offers each kid a tailored knowing experience that is enjoyable and immersive. It is presently used in 150+ nations and has benefitted more than 40 million kids around the world.
Owl Ventures is the largest venture capital fund in the world focused on the education technology market with over $1.2 billion in properties under management. Owl Ventures has deep domain competence and leverages a global network of Limited Partners, investors, and strategic partners to help entrepreneurs scale their companies into transformative category-leading companies.
SplashLearn, the US-headquartered learning company started 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. San Francisco based Owl Ventures is the biggest edtech sector-focused equity capital firm in the world. Accel, who previously invested $7 million in Series B, likewise participated in this round.
SplashLearn was incorporated in 2010. The bulk of the business originates from the United States and presently, students in one in every three schools in the nation usage SplashLearn. SplashLearn is a game-based knowing program that intelligently adapts to each childs knowing capability and helps them master abilities at their own pace. Its curriculum covers pre-kindergarten through grade 5 for mathematics and reading. With a strong concentrate on engagement and effectiveness, it has more than 4,000+ curriculum-aligned video games and activities, designed to create an exciting knowing experience for kids.
eSchool News Staff.
” We visualize a world where every kid would discover, fearlessly. The games within the program objective to move the existing narrative around knowing, turning it into an experience that augments the kids desire to find out by making learning itself rewarding for every child. Therefore decreasing their worry of failure, and producing what we like to call courageous students” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be used for growth and scaling our brand-new vertical– tutoring”, he added.
SplashLearn, previously Splash Math, develops engaging finding out experiences constructed to transform children into fearless learners.
About Owl Ventures.
Accel is an international equity capital firm that partners with remarkable creators with distinct insights, from inception through all phases of personal 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 business the firm has actually backed over the past 35+ years. The company seeks to understand entrepreneurs as people, value their creativity and play to their strengths. Because success does not have a stereotype. For more, check out www.accel.com or www.twitter.com/accel_india.