SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
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 know-how and leverages an international network of Limited Partners, financiers, and strategic partners to help entrepreneurs scale their companies into transformative category-leading business.
SplashLearn, previously Splash Math, creates engaging discovering experiences developed to transform children into brave students. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that provides each child a personalized knowing experience that is fun and immersive. It is currently utilized in 150+ countries and has benefitted more than 40 million kids around the world.
” SplashLearn is well poised to cause a distinct change in the digital learning area with its special blend of clinically created curriculum and its pedagogical techniques with international appeal. SplashLearn fits into our goal of supporting innovative business in the edtech space, helping drive a paradigm shift in the method education is imparted, bringing it to scale” stated Amit A. Patel Managing Director, Owl Ventures, who would be signing up with the companys board together with Abhinav Chaturvedi.
With the onset of Covid-19, SplashLearn saw a rise of nearly 3x in adoption, as more trainees turned online and families started looking for academic support. In 2020, more than 10 million new users signed up with the SplashLearn program. The need came in not only from the US 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 a personalized tutoring item, owing to growing need from parents and teachers.
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SplashLearn, the US-headquartered learning company 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 adjusts to each childs learning ability and helps them master skills at their own pace. 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 likewise launched a customized tutoring product, owing to growing need from instructors and parents.
Accel is a worldwide endeavor capital firm that partners with remarkable founders with unique insights, from inception 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 companies the company has backed over the previous 35+ years. The company seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because achievement doesnt have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
The video games within the program objective to shift the existing story around knowing, turning it into an experience that enhances the kids desire to discover by making learning itself rewarding for every child. Therefore reducing their fear of failure, and producing what we like to call fearless students” stated Arpit Jain, CEO and co-founder, SplashLearn.
About Owl Ventures.
” We are happy to partner and assistance SplashLearn which is producing an improvement in the digital learning space,” said Abhinav Chaturvedi, Partner, Accel, who signed up with the businesss board in 2018
SplashLearn, the US-headquartered discovering 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 company on the planet. Accel, who previously invested $7 million in Series B, also took part in this round.
eSchool News Staff.
SplashLearn, previously Splash Math, creates engaging discovering experiences built to change children into brave students.
SplashLearn was included in 2010. The bulk of business comes from the United States and presently, students in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based knowing program that intelligently adapts to each childs knowing capability and helps them master skills at their own speed. Its curriculum covers pre-kindergarten through grade 5 for math and reading. With a strong concentrate on engagement and effectiveness, it has over 4,000+ curriculum-aligned video games and activities, created to create an interesting learning experience for kids.
SplashLearn is available throughout all digital platforms (iOS, Android and Web). For additional information, visit www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.