SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
The bulk of the business comes from the United States and presently, trainees in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that wisely adjusts to each kids learning capability and helps them master skills at their own speed.
About the Author:.
eSchool News Staff.
SplashLearn, the US-headquartered learning 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 equity capital firm on the planet. Accel, who previously invested $7 million in Series B, also took part in this round.
Owl Ventures is the largest venture capital fund in the world focused on the education innovation market with over $1.2 billion in assets under management. Owl Ventures has deep domain knowledge and leverages a worldwide network of Limited Partners, financiers, and tactical partners to help business owners scale their companies into transformative category-leading business.
SplashLearn is offered across all digital platforms (iOS, Android and Web). For more details, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, previously Splash Math, develops engaging finding out experiences developed to transform kids into brave students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that uses each child a tailored learning experience that is fun and immersive. It is presently used in 150+ countries and has actually benefitted more than 40 million kids around the world.
SplashLearn, previously Splash Math, creates engaging learning experiences constructed to transform kids into courageous learners.
” We are proud to partner and support SplashLearn which is causing an improvement in the digital knowing space,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
About Owl Ventures.
Accel is a global venture capital company that partners with extraordinary creators with unique insights, from inception through all phases of personal company 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 companies the company has actually backed over the past 35+ years.
” SplashLearn is well poised to cause an unique change in the digital knowing space with its special mix of scientifically designed curriculum and its pedagogical techniques with international appeal. SplashLearn fits into our objective of supporting ingenious 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 signing up with the companys board together with Abhinav Chaturvedi.
” We picture a world where every child would find out, fearlessly. The games within the program objective to move the existing story around knowing, turning it into an experience that augments the childs desire to learn by making discovering itself rewarding for every child. Therefore reducing their worry of failure, and developing what we like to call brave 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.
With the onset of Covid-19, SplashLearn saw a surge of nearly 3x in adoption, as more students turned online and families began seeking academic support. In 2020, more than 10 million new users signed up with the SplashLearn program. The need was available in not just from the United States but likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to include reading and likewise introduced an individualized tutoring product, owing to growing need from moms and dads and teachers.
SplashLearn, the US-headquartered learning 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 intelligently adjusts to each childs learning capability and assists them master abilities at their own pace. In 2020, more than 10 million brand-new users joined the SplashLearn program. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to include reading and also introduced a personalized tutoring product, owing to growing need from teachers and parents.