SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” We are proud to partner and support SplashLearn which is causing a transformation in the digital knowing space,” said Abhinav Chaturvedi, Partner, Accel, who signed up with the companys board in 2018
” We picture a world where every child would discover, fearlessly. The video games within the program aim to shift the current story around knowing, turning it into an experience that augments the childs desire to learn by making discovering itself rewarding for each child. Hence decreasing their fear of failure, and developing what we like to call fearless learners” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be utilized for development and scaling our new vertical– tutoring”, he included.
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With the start of Covid-19, SplashLearn saw a surge of nearly 3x in adoption, as more students turned online and families began looking for academic support. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. The need came in not only from the United States but also 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 introduced a customized tutoring item, owing to growing demand from teachers and parents.
eSchool News Staff.
SplashLearn is offered across all digital platforms (iOS, Android and Web). For more details, check out www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, formerly Splash Math, develops engaging learning experiences constructed to change kids into courageous learners. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that provides each child a tailored learning experience that is fun and immersive. It is currently utilized in 150+ countries and has actually benefitted more than 40 million kids around the world.
” SplashLearn is well poised to bring about an unique modification in the digital knowing space with its special mix of scientifically designed curriculum and its pedagogical methods with global appeal. SplashLearn suits our goal of supporting innovative companies in the edtech area, 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 businesss board together with Abhinav Chaturvedi.
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 firm worldwide. Accel, who previously invested $7 million in Series B, also got involved in this round.
SplashLearn, the US-headquartered learning company began 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. SplashLearn is a game-based learning program that intelligently adapts to each kids learning capability and assists them master skills at their own rate. In 2020, more than 10 million brand-new users joined the SplashLearn program. In the latter half of 2020, SplashLearn expanded its offering beyond the math program to consist of reading and also introduced an individualized tutoring item, owing to growing demand from parents and instructors.
About Owl Ventures.
Accel is an international endeavor capital company that partners with remarkable founders with distinct insights, from beginning through all phases of personal 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 companies the company has actually backed over the past 35+ years.
The bulk of the business comes from the United States and currently, trainees in one in every 3 schools in the country use SplashLearn. SplashLearn is a game-based learning program that intelligently adapts to each childs knowing ability and helps them master abilities at their own pace.
Owl Ventures is the largest equity capital fund in the world concentrated on the education technology market with over $1.2 billion in assets under management. The Silicon Valley-based company buys the worlds leading education technology companies across the education spectrum incorporating PreK-12, college and future of work (career mobility/ expert learning). Owl Ventures has deep domain know-how and leverages a global network of Limited Partners, financiers, and strategic partners to assist business owners scale their companies into transformative category-leading companies. Discover more at www.owlvc.com
SplashLearn, previously Splash Math, produces engaging discovering experiences developed to transform children into brave students.