SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, previously Splash Math, produces engaging discovering experiences developed to change children into fearless students.
SplashLearn is available throughout all digital platforms (iOS, Android and Web). For more details, visit www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
In 2020, more than 10 million brand-new users joined the SplashLearn program. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to consist of reading and also released an individualized tutoring item, owing to growing demand from parents and teachers.
” We imagine a world where every kid would find out, fearlessly. The video games within the program aim to shift the present story around learning, turning it into an experience that augments the childs desire to find out by making discovering itself rewarding for every single child. Hence reducing their worry of failure, and creating what we like to call courageous students” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for growth and scaling our brand-new vertical– tutoring”, he added.
Accel is a global equity capital company that partners with extraordinary founders with special insights, from creation through all phases of private business development. 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 company has actually backed over the previous 35+ years. The company looks for to understand business owners as individuals, appreciate their creativity and play to their strengths. Because success does not have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
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SplashLearn, the US-headquartered discovering 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 biggest edtech sector-focused equity capital company in the world. Accel, who previously invested $7 million in Series B, likewise took part in this round.
SplashLearn, previously Splash Math, creates engaging discovering experiences built to transform children into brave learners. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each child a personalized knowing experience that is fun and immersive. It is presently utilized in 150+ nations and has actually benefitted more than 40 million kids around the world.
” SplashLearn is well poised to produce an unique modification in the digital knowing space with its special blend of clinically created curriculum and its pedagogical techniques with international appeal. SplashLearn fits into our objective of supporting innovative companies in the edtech space, 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 companys board together with Abhinav Chaturvedi.
Owl Ventures is the biggest endeavor capital fund worldwide focused on the education innovation market with over $1.2 billion in properties under management. The Silicon Valley-based firm invests in the worlds leading education technology business throughout the education spectrum encompassing PreK-12, higher education and future of work (career mobility/ expert learning). Owl Ventures has deep domain knowledge and leverages a worldwide network of Limited Partners, investors, and strategic partners to help entrepreneurs scale their organizations into transformative category-leading companies. Discover more at www.owlvc.com
The bulk of the business comes from the United States and presently, students in one in every three schools in the country use SplashLearn. SplashLearn is a game-based learning program that smartly adapts to each childs knowing capability and assists them master skills at their own speed.
About Owl Ventures.
” We are happy to partner and support SplashLearn which is causing a transformation in the digital knowing area,” stated Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
SplashLearn, the US-headquartered finding out company started 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. SplashLearn is a game-based knowing program that intelligently 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 a personalized tutoring product, owing to growing demand from teachers and moms and dads.
eSchool News Staff.