SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, previously Splash Math, creates engaging finding out experiences constructed to change children into courageous learners.
” We are happy to partner and assistance SplashLearn which is producing an improvement in the digital learning space,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
About Owl Ventures.
” SplashLearn is well poised to cause an unique modification in the digital knowing space with its special blend of clinically designed curriculum and its pedagogical approaches with international appeal. SplashLearn suits our goal of supporting ingenious companies in the edtech area, assisting 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 joining the companys board together with Abhinav Chaturvedi.
eSchool News Staff.
With the beginning of Covid-19, SplashLearn saw a surge of almost 3x in adoption, as more students turned online and households started seeking educational assistance. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. The need can be found in not only 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 also released an individualized tutoring item, owing to growing need from parents and instructors.
” We imagine a world where every child would find out, fearlessly. The games within the program goal to shift the present narrative around learning, turning it into an experience that enhances the kids desire to find out by making learning itself rewarding for every kid. Therefore reducing their fear of failure, and creating what we like to call fearless learners” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be utilized for growth and scaling our new vertical– tutoring”, he added.
SplashLearn, formerly Splash Math, produces engaging learning experiences developed to change children into courageous students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each kid a personalized knowing experience that is enjoyable and immersive. It is presently utilized in 150+ nations and has benefitted more than 40 million kids around the world.
Owl Ventures is the largest venture capital fund in the world focused on the education innovation market with over $1.2 billion in possessions under management. Owl Ventures has deep domain know-how and leverages an international network of Limited Partners, financiers, and strategic partners to assist entrepreneurs scale their organizations into transformative category-leading business.
SplashLearn, the US-headquartered learning business started 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 smartly adjusts to each childs knowing ability and assists 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 consist of reading and also launched a personalized tutoring product, owing to growing demand from moms and dads and teachers.
SplashLearn, the US-headquartered discovering company 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 largest edtech sector-focused equity capital company on the planet. Accel, who previously invested $7 million in Series B, also participated in this round.
The bulk of the business comes from the United States and presently, trainees in one in every 3 schools in the country use SplashLearn. SplashLearn is a game-based knowing program that intelligently adjusts to each kids knowing capability and helps them master abilities at their own rate.
About the Author:.
SplashLearn is readily available throughout all digital platforms (iOS, Android and Web). For more info, visit www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
Accel is an international venture capital firm that partners with remarkable creators with special insights, from beginning 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 among the business the company has backed over the previous 35+ years.