SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn is available across all digital platforms (iOS, Android and Web). For additional information, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, the US-headquartered learning business began 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 in the world. Accel, who earlier invested $7 million in Series B, also took part in this round.
SplashLearn, formerly Splash Math, develops engaging discovering experiences developed to change children into fearless students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that provides each kid a personalized learning experience that is enjoyable and immersive. It is currently used in 150+ countries and has benefitted more than 40 million kids around the world.
SplashLearn was integrated in 2010. The bulk of business originates from the United States and currently, students in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that intelligently adapts to each kids knowing capability and helps 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, created to produce an interesting knowing experience for kids.
SplashLearn, formerly Splash Math, creates engaging discovering experiences built to change kids into brave students.
SplashLearn, the US-headquartered finding out 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 intelligently adapts to each childs learning capability and assists them master skills at their own rate. 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 mathematics program to include reading and also launched a tailored tutoring item, owing to growing demand from moms and dads and instructors.
” We are happy to partner and assistance SplashLearn which is causing a change in the digital knowing space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
Owl Ventures is the biggest endeavor 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 expertise and leverages a worldwide network of Limited Partners, financiers, and tactical partners to assist business owners scale their services into transformative category-leading companies.
” SplashLearn is well poised to bring about an unique modification in the digital knowing area with its distinct mix of clinically created curriculum and its pedagogical techniques with international appeal. SplashLearn suits our goal of supporting innovative companies in the edtech area, helping 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 signing up with the businesss board together with Abhinav Chaturvedi.
” We visualize a world where every kid would learn, fearlessly. The games within the program objective to move 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. Hence decreasing their fear of failure, and creating what we like to call fearless learners” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for development and scaling our new vertical– tutoring”, he included.
With the onset of Covid-19, SplashLearn saw a surge of almost 3x in adoption, as more students turned online and families started seeking instructional support. In 2020, more than 10 million brand-new users joined the SplashLearn program. The demand came in not just from the US 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 likewise released a personalized tutoring product, owing to growing demand from instructors and parents.
About the Author:.
Accel is a worldwide endeavor capital firm that partners with exceptional founders with special insights, from inception through all phases 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 company has actually backed over the previous 35+ years. The company seeks to comprehend business owners as people, appreciate their creativity and play to their strengths. Because success does not have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
About Owl Ventures.
eSchool News Staff.