SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
Owl Ventures is the biggest endeavor 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 knowledge and leverages a worldwide network of Limited Partners, investors, and strategic partners to help business owners scale their businesses into transformative category-leading business.
SplashLearn, the US-headquartered discovering company 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 largest edtech sector-focused equity capital firm on the planet. Accel, who previously invested $7 million in Series B, likewise took part in this round.
SplashLearn, previously Splash Math, develops engaging learning experiences built to change children into brave learners.
About Owl Ventures.
” We are happy to partner and assistance SplashLearn which is producing an improvement in the digital learning space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
With the start of Covid-19, SplashLearn saw a surge of almost 3x in adoption, as more trainees turned online and families began seeking academic support. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. The demand can be found in not just from the United States however also the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the mathematics program to consist of reading and also released a personalized tutoring product, owing to growing demand from instructors and moms and dads.
eSchool News Staff.
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. SplashLearn is a game-based knowing program that intelligently adjusts to each kids learning capability and assists them master skills at their own pace. In 2020, more than 10 million new users joined the SplashLearn program. In the latter half of 2020, SplashLearn broadened its offering beyond the mathematics program to include reading and also introduced a customized tutoring product, owing to growing demand from instructors and moms and dads.
The video games within the program goal to move the current story around learning, turning it into an experience that enhances the childs desire to learn by making discovering itself rewarding for every child. Therefore minimizing their worry of failure, and producing what we like to call courageous learners” stated Arpit Jain, CEO and co-founder, SplashLearn.
SplashLearn is available across all digital platforms (iOS, Android and Web). To learn more, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, previously Splash Math, develops engaging finding out experiences built to transform children into courageous students. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that offers each child a tailored learning experience that is enjoyable and immersive. It is currently utilized in 150+ countries and has benefitted more than 40 million kids around the world.
Accel is a worldwide equity capital company that partners with extraordinary founders with unique insights, from creation through all stages 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 company has actually backed over the previous 35+ years. The company looks for to comprehend business owners as individuals, value their originality and play to their strengths. Due to the fact that greatness does not have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
” SplashLearn is well poised to bring about an unique modification in the digital knowing area with its special blend of clinically designed curriculum and its pedagogical methods with international appeal. SplashLearn fits into our goal of supporting innovative companies in the edtech area, assisting drive a paradigm shift in the way education is imparted, bringing it to scale” stated Amit A. Patel Managing Director, Owl Ventures, who would be signing up with the companys board in addition to Abhinav Chaturvedi.
The bulk of the organization comes from the United States and presently, students in one in every 3 schools in the country use SplashLearn. SplashLearn is a game-based knowing program that intelligently adjusts to each childs knowing ability and helps them master abilities at their own rate.
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