SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
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 launched an individualized tutoring product, owing to growing need from moms and dads and instructors.
SplashLearn, previously Splash Math, creates engaging discovering experiences developed to transform kids into brave learners.
” We are happy to partner and assistance SplashLearn which is causing an improvement in the digital learning area,” stated Abhinav Chaturvedi, Partner, Accel, who signed up with the companys board in 2018
” SplashLearn is well poised to bring about an unique change in the digital learning space with its unique blend of scientifically designed curriculum and its pedagogical approaches with global appeal. SplashLearn fits into our objective of supporting ingenious business in the edtech space, assisting 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 signing up with the businesss board together with Abhinav Chaturvedi.
SplashLearn, the US-headquartered finding out business 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 equity capital firm worldwide. Accel, who previously invested $7 million in Series B, likewise took part in this round.
The video games within the program goal to shift the existing story around knowing, turning it into an experience that enhances the kids desire to learn by making learning itself rewarding for every child. Thus minimizing their fear of failure, and creating what we like to call brave students” said Arpit Jain, CEO and co-founder, SplashLearn.
Accel is a worldwide endeavor capital company that partners with extraordinary creators 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 companies the company has actually backed over the previous 35+ years.
Owl Ventures is the largest equity capital fund worldwide focused on the education innovation market with over $1.2 billion in properties under management. The Silicon Valley-based firm buys the worlds leading education innovation companies across the education spectrum encompassing PreK-12, greater education and future of work (profession mobility/ professional learning). Owl Ventures has deep domain knowledge and leverages an international network of Limited Partners, investors, and strategic partners to assist entrepreneurs scale their companies into transformative category-leading business. Find out more at www.owlvc.com
SplashLearn, formerly Splash Math, produces engaging learning experiences built to transform children into courageous learners. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that uses each child a personalized knowing experience that is fun and immersive. It is currently utilized in 150+ countries and has benefitted more than 40 million kids around the world.
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SplashLearn is readily available throughout all digital platforms (iOS, Android and Web). For additional information, visit www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
eSchool News Staff.
SplashLearn, the US-headquartered discovering 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 childs knowing ability and assists them master skills at their own speed. 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 mathematics program to consist of reading and likewise introduced a tailored tutoring product, owing to growing demand from teachers and moms and dads.
The bulk of the company comes from the United States and currently, students in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that intelligently adjusts to each kids learning capability and assists them master abilities at their own rate.