SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
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 endeavor capital firm in the world. Accel, who previously invested $7 million in Series B, likewise took part in this round.
” SplashLearn is well poised to bring about an unique change in the digital learning space with its unique blend of scientifically developed curriculum and its pedagogical techniques with worldwide appeal. SplashLearn suits our objective of supporting ingenious companies in the edtech space, 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 joining the businesss board together with Abhinav Chaturvedi.
” We are proud to partner and support SplashLearn which is producing an improvement in the digital learning area,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
” We imagine a world where every child would learn, fearlessly. The games within the program objective to move the existing story around learning, turning it into an experience that enhances the kids desire to learn by making discovering itself rewarding for each child. Hence lowering their worry of failure, and creating what we like to call brave students” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mostly be used for development and scaling our brand-new vertical– tutoring”, he included.
Owl Ventures is the largest equity capital fund in the world concentrated on the education innovation market with over $1.2 billion in possessions under management. The Silicon Valley-based firm buys the worlds leading education technology business throughout the education spectrum incorporating PreK-12, higher education and future of work (profession mobility/ expert learning). Owl Ventures has deep domain proficiency and leverages a worldwide network of Limited Partners, financiers, and tactical partners to help business owners scale their businesses into transformative category-leading business. Discover more at www.owlvc.com
The bulk of the business comes from the United States and currently, trainees in one in every 3 schools in the country use SplashLearn. SplashLearn is a game-based learning program that wisely adjusts to each kids learning capability and helps them master abilities at their own speed.
SplashLearn, previously Splash Math, creates engaging finding out experiences constructed to transform children into courageous students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each kid a customized learning experience that is enjoyable and immersive. It is presently used in 150+ countries and has benefitted more than 40 million kids around the world.
SplashLearn, previously Splash Math, creates engaging finding out experiences developed to change children into brave students.
SplashLearn is available across all digital platforms (iOS, Android and Web). For additional information, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
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 mathematics program to include reading and also released a customized tutoring product, owing to growing demand from teachers and moms and dads.
eSchool News Staff.
About the Author:.
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 intelligently adjusts to each childs knowing ability and helps 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 include reading and likewise released a tailored tutoring product, owing to growing need from parents and instructors.
About Owl Ventures.
Accel is a worldwide endeavor capital company that partners with extraordinary founders with unique insights, from creation through all stages of personal company 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 amongst the business the firm has backed over the past 35+ years. The firm seeks to comprehend business owners as individuals, value their creativity and play to their strengths. Due to the fact that greatness doesnt have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.