SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
Owl Ventures is the largest endeavor capital fund in the world focused on the education technology market with over $1.2 billion in assets under management. The Silicon Valley-based firm purchases the worlds leading education technology companies throughout the education spectrum encompassing PreK-12, greater education and future of work (career movement/ expert learning). Owl Ventures has deep domain proficiency and leverages a global network of Limited Partners, investors, and tactical partners to assist entrepreneurs scale their organizations into transformative category-leading business. Discover more at www.owlvc.com
Accel is a worldwide endeavor capital company that partners with exceptional creators with special insights, from inception through all phases of private 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 past 35+ years.
With the beginning of Covid-19, SplashLearn saw a surge of practically 3x in adoption, as more trainees turned online and households began seeking instructional assistance. In 2020, more than 10 million new users joined the SplashLearn program. The need came in not just from the United States but likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to consist of reading and likewise launched a personalized tutoring item, owing to growing demand from moms and dads and teachers.
SplashLearn, the US-headquartered learning company began 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 kids knowing capability and assists them master abilities at their own rate. In 2020, more than 10 million new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to consist of reading and also released a tailored tutoring item, owing to growing need from instructors and moms and dads.
SplashLearn was included in 2010. The bulk of the company comes from the United States and currently, students in one in every three schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that smartly adapts to each childs learning capability and assists them master abilities at their own rate. Its curriculum covers pre-kindergarten through grade 5 for math and reading. With a strong focus on engagement and effectiveness, it has more than 4,000+ curriculum-aligned video games and activities, developed to create an exciting learning experience for kids.
SplashLearn, previously Splash Math, produces engaging discovering experiences built to change children into fearless learners. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that uses each kid a personalized learning experience that is enjoyable and immersive. It is currently utilized in 150+ countries and has actually benefitted more than 40 million kids around the world.
SplashLearn, previously Splash Math, creates engaging discovering experiences constructed to change kids into brave students.
” We visualize a world where every kid would discover, fearlessly. The games within the program aim to shift the present narrative around knowing, turning it into an experience that enhances the kids desire to discover by making learning itself rewarding for every single child. Thus reducing their fear of failure, and producing what we like to call fearless learners” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for growth and scaling our brand-new vertical– tutoring”, he added.
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SplashLearn, the US-headquartered discovering business 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 firm worldwide. Accel, who previously invested $7 million in Series B, also got involved in this round.
” SplashLearn is well poised to bring about an unique modification in the digital learning space with its unique mix of clinically designed curriculum and its pedagogical methods with global appeal. SplashLearn suits our goal of supporting ingenious business in the edtech space, helping 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 along with Abhinav Chaturvedi.
About Owl Ventures.
” We are happy to partner and support SplashLearn which is bringing about a change in the digital knowing area,” said Abhinav Chaturvedi, Partner, Accel, who signed up with the businesss board in 2018
eSchool News Staff.
SplashLearn is readily available throughout all digital platforms (iOS, Android and Web). For additional information, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.