SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
With the beginning of Covid-19, SplashLearn saw a rise of nearly 3x in adoption, as more students turned online and households began looking for academic assistance. In 2020, more than 10 million brand-new users joined the SplashLearn program. The need can be found in not just from the US but also the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the math program to include reading and also introduced a customized tutoring product, owing to growing need from teachers and parents.
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 largest edtech sector-focused endeavor capital company in the world. Accel, who earlier invested $7 million in Series B, also took part in this round.
eSchool News Staff.
Owl Ventures is the biggest endeavor capital fund worldwide concentrated on the education technology market with over $1.2 billion in assets under management. The Silicon Valley-based company purchases the worlds leading education innovation companies across the education spectrum encompassing PreK-12, college and future of work (profession mobility/ expert knowing). Owl Ventures has deep domain competence and leverages a worldwide network of Limited Partners, investors, and tactical partners to help entrepreneurs scale their services into transformative category-leading business. Find out more at www.owlvc.com
SplashLearn, the US-headquartered finding out 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 wisely adjusts to each childs learning capability and helps them master skills at their own speed. In 2020, more than 10 million brand-new users joined the SplashLearn program. In the latter half of 2020, SplashLearn broadened its offering beyond the mathematics program to consist of reading and also introduced an individualized tutoring product, owing to growing demand from parents and teachers.
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SplashLearn is available throughout all digital platforms (iOS, Android and Web). For more details, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
” We are proud to partner and assistance SplashLearn which is bringing about a transformation in the digital knowing area,” stated Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
Accel is a global endeavor capital firm that partners with exceptional founders with special insights, from beginning through all stages of personal business 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 companies the firm has actually backed over the previous 35+ years.
SplashLearn, previously Splash Math, creates engaging finding out experiences constructed to change kids into fearless learners. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that offers each kid a tailored learning experience that is enjoyable and immersive. It is presently utilized in 150+ nations and has benefitted more than 40 million kids around the world.
” We envision a world where every kid would learn, fearlessly. The video games within the program objective to shift the existing story around learning, turning it into an experience that augments the childs desire to learn by making discovering itself rewarding for every single child. Thus minimizing their fear of failure, and creating what we like to call brave learners” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for development and scaling our brand-new vertical– tutoring”, he added.
” SplashLearn is well poised to cause an unique modification in the digital learning space with its distinct mix of scientifically designed curriculum and its pedagogical techniques with international appeal. SplashLearn suits our goal of supporting innovative companies in the edtech space, 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 businesss board together with Abhinav Chaturvedi.
About Owl Ventures.
The bulk of the company 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 smartly adjusts to each kids learning capability and helps them master abilities at their own speed.
SplashLearn, previously Splash Math, produces engaging discovering experiences built to change kids into fearless students.