SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” SplashLearn is well poised to bring about an unique change in the digital knowing area with its distinct mix of clinically created curriculum and its pedagogical approaches with international appeal. SplashLearn fits into our goal of supporting innovative companies in the edtech area, 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 joining the companys board together with Abhinav Chaturvedi.
In 2020, more than 10 million 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 likewise introduced an individualized tutoring item, owing to growing demand from teachers and moms and dads.
Accel is a global equity capital company that partners with remarkable creators with unique insights, from inception through all stages of personal 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 firm has actually backed over the previous 35+ years. The firm seeks to understand business owners as individuals, value their creativity and play to their strengths. Due to the fact that greatness does not have a stereotype. For more, visit www.accel.com or www.twitter.com/accel_india.
SplashLearn, previously Splash Math, creates engaging discovering experiences constructed to transform kids into brave students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each child an individualized learning experience that is fun and immersive. It is presently utilized in 150+ countries and has actually benefitted more than 40 million kids around the world.
The bulk of the business comes from the United States and presently, students in one in every 3 schools in the country usage SplashLearn. SplashLearn is a game-based learning program that wisely adapts to each childs learning capability and assists them master skills at their own speed.
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” We envision a world where every child would learn, fearlessly. The games within the program goal to move the existing story around learning, turning it into an experience that enhances the childs desire to find out by making discovering itself rewarding for every single child. Therefore minimizing their fear of failure, and developing what we like to call courageous learners” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for development and scaling our new vertical– tutoring”, he added.
” We are happy to partner and support SplashLearn which is causing an improvement in the digital learning space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
About Owl Ventures.
Owl Ventures is the largest equity capital fund in the world concentrated on the education technology market with over $1.2 billion in possessions under management. The Silicon Valley-based company buys the worlds leading education innovation companies across the education spectrum including PreK-12, higher education and future of work (career movement/ professional learning). Owl Ventures has deep domain expertise and leverages a global network of Limited Partners, financiers, and tactical partners to help entrepreneurs scale their companies into transformative category-leading companies. Discover more at www.owlvc.com
SplashLearn, formerly Splash Math, develops engaging discovering experiences developed to transform kids into fearless learners.
eSchool News Staff.
SplashLearn, the US-headquartered finding out business began 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. San Francisco based Owl Ventures is the biggest edtech sector-focused venture capital company in the world. Accel, who earlier invested $7 million in Series B, also got involved in this round.
SplashLearn, the US-headquartered finding out company 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 adapts to each childs learning capability and helps them master skills at their own rate. 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 released a personalized tutoring item, owing to growing need from moms and dads and teachers.
SplashLearn is readily available across all digital platforms (iOS, Android and Web). To find out more, check out www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.