SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
The bulk of the organization comes from the United States and presently, trainees in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based knowing program that intelligently adapts to each childs learning ability and assists them master abilities at their own speed.
” SplashLearn is well poised to bring about an unique modification in the digital learning area with its distinct mix of scientifically designed curriculum and its pedagogical techniques with global appeal. SplashLearn fits into our goal of supporting innovative 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 signing up with the businesss board in addition to Abhinav Chaturvedi.
SplashLearn, the US-headquartered finding out business 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 smartly adjusts to each kids knowing ability and helps them master abilities at their own speed. In 2020, more than 10 million 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 likewise released a customized tutoring product, owing to growing need from parents and teachers.
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SplashLearn, the US-headquartered learning business 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 biggest edtech sector-focused venture capital firm in the world. Accel, who previously invested $7 million in Series B, likewise took part in this round.
” We visualize a world where every kid would find out, fearlessly. The games within the program goal to move the existing narrative around learning, turning it into an experience that enhances the childs desire to discover by making learning itself rewarding for every single child. Therefore lowering their fear of failure, and creating what we like to call courageous learners” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be utilized for growth and scaling our brand-new vertical– tutoring”, he added.
About Owl Ventures.
Owl Ventures is the biggest equity capital fund on the planet concentrated on the education innovation market with over $1.2 billion in assets under management. The Silicon Valley-based company invests in the worlds leading education innovation business across the education spectrum incorporating PreK-12, greater education and future of work (profession mobility/ expert knowing). Owl Ventures has deep domain expertise and leverages a worldwide network of Limited Partners, financiers, and strategic partners to assist business owners scale their services into transformative category-leading companies. Discover more at www.owlvc.com
SplashLearn, previously Splash Math, creates engaging discovering experiences constructed to transform kids into fearless students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that uses each kid a personalized knowing experience that is enjoyable and immersive. It is currently used in 150+ nations and has benefitted more than 40 million kids around the world.
” We are proud to partner and assistance SplashLearn which is producing a change in the digital learning area,” said Abhinav Chaturvedi, Partner, Accel, who signed up with the businesss board in 2018
SplashLearn is readily available throughout all digital platforms (iOS, Android and Web). To find out more, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
With the beginning of Covid-19, SplashLearn saw a surge of nearly 3x in adoption, as more trainees turned online and families began seeking educational support. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. The demand was available in not just from the US however also the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the mathematics program to include reading and also introduced a customized tutoring product, owing to growing need from instructors and parents.
Accel is a worldwide venture capital company that partners with remarkable founders with unique insights, from beginning 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 business the company has backed over the past 35+ years.
SplashLearn, previously Splash Math, produces engaging finding out experiences built to change children into brave learners.