SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
eSchool News Staff.
” We visualize a world where every child would discover, fearlessly. The video games within the program goal to move the present narrative around knowing, turning it into an experience that augments the childs desire to discover by making learning itself rewarding for each child. Therefore lowering their fear of failure, and producing what we like to call brave students” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be used for development and scaling our new vertical– tutoring”, he included.
SplashLearn, formerly Splash Math, produces engaging finding out experiences developed to change kids into brave learners. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that uses each kid a customized learning experience that is enjoyable and immersive. It is currently used in 150+ countries and has actually benefitted more than 40 million kids around the world.
About the Author:.
Owl Ventures is the biggest endeavor capital fund in the world focused on the education technology market with over $1.2 billion in assets under management. Owl Ventures has deep domain expertise and leverages a global network of Limited Partners, financiers, and strategic partners to assist business owners scale their businesses into transformative category-leading business.
SplashLearn, previously Splash Math, produces engaging learning experiences constructed to transform children into courageous students.
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 learning program that wisely adapts to each childs knowing ability and assists them master abilities 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 expanded its offering beyond the mathematics program to include reading and likewise launched a personalized tutoring item, owing to growing need from parents and instructors.
With the beginning of Covid-19, SplashLearn saw a surge of nearly 3x in adoption, as more students turned online and households began seeking educational support. In 2020, more than 10 million new users signed up with the SplashLearn program. The need was available in not only from the United States but also the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the mathematics program to include reading and likewise introduced an individualized tutoring product, owing to growing need from instructors and parents.
Accel is a global venture capital firm that partners with extraordinary creators with distinct insights, from creation through all phases 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 among the business the company has backed over the past 35+ years.
SplashLearn, the US-headquartered learning 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 biggest edtech sector-focused equity capital firm on the planet. Accel, who earlier invested $7 million in Series B, likewise took part in this round.
SplashLearn is readily available across all digital platforms (iOS, Android and Web). To learn more, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
About Owl Ventures.
” SplashLearn is well poised to produce an unique change in the digital learning area with its special mix of clinically developed curriculum and its pedagogical approaches with global appeal. SplashLearn suits our objective 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 joining the businesss board in addition to Abhinav Chaturvedi.
” We are proud to partner and assistance SplashLearn which is causing a change in the digital learning space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
The bulk of the company comes from the United States and presently, students in one in every three schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that intelligently adapts to each kids learning capability and assists them master abilities at their own pace.