SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” We are happy to partner and assistance SplashLearn which is causing a transformation in the digital knowing area,” stated Abhinav Chaturvedi, Partner, Accel, who signed up with the companys board in 2018
Accel is a global equity capital company that partners with exceptional creators with special insights, from beginning through all phases of private 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 firm has backed over the past 35+ years. The company seeks to understand business owners as people, value their creativity and play to their strengths. Because achievement doesnt have a stereotype. For more, check out www.accel.com or www.twitter.com/accel_india.
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SplashLearn was incorporated in 2010. The bulk of the company originates 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 intelligently adjusts to each childs learning ability and assists them master skills at their own rate. Its curriculum covers pre-kindergarten through grade 5 for math and reading. With a strong focus on engagement and efficacy, it has more than 4,000+ curriculum-aligned video games and activities, created to develop an amazing learning experience for kids.
The games within the program aim to move the existing narrative around knowing, turning it into an experience that enhances the kids desire to discover by making discovering itself rewarding for every child. Therefore minimizing their worry of failure, and producing what we like to call courageous learners” said Arpit Jain, CEO and co-founder, SplashLearn.
SplashLearn, the US-headquartered finding out company started 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. San Francisco based Owl Ventures is the biggest edtech sector-focused equity capital company on the planet. Accel, who earlier invested $7 million in Series B, likewise participated in this round.
SplashLearn is available throughout all digital platforms (iOS, Android and Web). To learn more, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
With the start of Covid-19, SplashLearn saw a rise of practically 3x in adoption, as more students turned online and households started looking for instructional support. In 2020, more than 10 million new users signed up with the SplashLearn program. The need can be found in not just from the United States however also the UK, Australia, and Canada. 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.
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About Owl Ventures.
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 proficiency and leverages a worldwide network of Limited Partners, financiers, and strategic partners to help business owners scale their businesses into transformative category-leading business.
SplashLearn, formerly Splash Math, produces engaging learning experiences built to transform kids into courageous students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each kid an individualized learning experience that is enjoyable and immersive. It is currently utilized in 150+ nations and has actually benefitted more than 40 million kids around the world.
SplashLearn, previously Splash Math, creates engaging finding out experiences constructed to change children into courageous students.
SplashLearn, the US-headquartered finding out company started 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. SplashLearn is a game-based knowing program that wisely adjusts to each kids learning ability and assists them master abilities at their own speed. 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 math program to include reading and also launched a tailored tutoring item, owing to growing need from instructors and parents.
” SplashLearn is well poised to bring about an unique modification in the digital knowing space with its special mix of scientifically developed curriculum and its pedagogical methods with global appeal. SplashLearn fits into our objective of supporting ingenious business in the edtech space, 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 companys board in addition to Abhinav Chaturvedi.