SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” SplashLearn is well poised to cause a distinct modification in the digital knowing space with its special mix of clinically created curriculum and its pedagogical approaches with international appeal. SplashLearn fits into our objective of supporting innovative business in the edtech area, helping 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 joining the companys board along with Abhinav Chaturvedi.
Owl Ventures is the largest venture capital fund in the world focused on the education innovation market with over $1.2 billion in properties under management. Owl Ventures has deep domain proficiency and leverages an international network of Limited Partners, financiers, and strategic partners to help business owners scale their organizations into transformative category-leading business.
SplashLearn, the US-headquartered finding out business 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 largest edtech sector-focused equity capital company in the world. Accel, who earlier invested $7 million in Series B, likewise took part in this round.
With the beginning of Covid-19, SplashLearn saw a surge of nearly 3x in adoption, as more students turned online and households started seeking instructional support. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. The need came in not only from the United States however likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the math program to consist of reading and also released an individualized tutoring product, owing to growing need from teachers and parents.
About Owl Ventures.
The bulk of the business comes from the United States and presently, trainees in one in every three schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that wisely adapts to each kids learning ability and helps them master abilities at their own speed.
” We imagine a world where every kid would learn, fearlessly. The video games within the program goal to move the existing story around knowing, turning it into an experience that enhances the childs desire to discover by making learning itself rewarding for every single child. Therefore lowering their fear of failure, and developing what we like to call courageous learners” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mostly be used for growth and scaling our new vertical– tutoring”, he included.
About the Author:.
Accel is an international venture capital company that partners with exceptional founders with unique insights, from creation through all stages 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 among the companies the company has backed over the past 35+ years.
” We are happy to partner and assistance SplashLearn which is causing an improvement in the digital knowing area,” stated Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
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, the US-headquartered discovering business 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 smartly adapts to each childs knowing capability and assists them master abilities at their own speed. 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 mathematics program to consist of reading and likewise released a customized tutoring item, owing to growing demand from parents and instructors.
SplashLearn, previously Splash Math, develops engaging finding out experiences built to change children into brave students. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that provides each kid a customized learning 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, previously Splash Math, develops engaging discovering experiences developed to change children into fearless students.
eSchool News Staff.