SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, the US-headquartered learning business started 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. SplashLearn is a game-based knowing program that smartly adjusts to each kids learning ability and assists them master skills at their own pace. 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 likewise released a customized tutoring product, owing to growing need from teachers and moms and dads.
” We imagine a world where every child would discover, fearlessly. The games within the program objective to shift the existing narrative around learning, turning it into an experience that augments the kids desire to find out by making discovering itself rewarding for every single child. Thus reducing their fear of failure, and developing what we like to call courageous students” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be used for development and scaling our brand-new vertical– tutoring”, he added.
About Owl Ventures.
SplashLearn is offered across all digital platforms (iOS, Android and Web). For additional information, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, previously Splash Math, produces engaging learning experiences built to transform kids into brave students. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that provides each child a customized learning experience that is enjoyable and immersive. It is presently utilized in 150+ countries and has benefitted more than 40 million kids around the world.
With the start of Covid-19, SplashLearn saw a surge of practically 3x in adoption, as more students turned online and households started seeking instructional assistance. In 2020, more than 10 million new users joined the SplashLearn program. The need was available in not only 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 likewise released a tailored tutoring product, owing to growing need from moms and dads and instructors.
eSchool News Staff.
SplashLearn was integrated in 2010. The bulk of the business originates from the United States and presently, students in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that wisely adapts to each kids learning 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 concentrate on engagement and effectiveness, it has over 4,000+ curriculum-aligned video games and activities, designed to develop an exciting learning experience for kids.
SplashLearn, formerly Splash Math, creates engaging finding out experiences developed to change children into fearless students.
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” SplashLearn is well poised to bring about a distinct change in the digital knowing space with its special blend of scientifically designed curriculum and its pedagogical methods with international appeal. SplashLearn suits our objective of supporting ingenious business in the edtech space, helping drive a paradigm shift in the method education is imparted, bringing it to scale” stated Amit A. Patel Managing Director, Owl Ventures, who would be joining the companys board along with Abhinav Chaturvedi.
Owl Ventures is the biggest venture 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 know-how and leverages a global network of Limited Partners, financiers, and tactical partners to help business owners scale their services into transformative category-leading companies.
SplashLearn, the US-headquartered discovering company 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 equity capital company worldwide. Accel, who previously invested $7 million in Series B, likewise took part in this round.
Accel is a global venture capital firm that partners with extraordinary founders with unique insights, from creation through all stages 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 amongst the companies the company has backed over the previous 35+ years.
” We are proud to partner and support SplashLearn which is producing a transformation in the digital knowing space,” stated Abhinav Chaturvedi, Partner, Accel, who signed up with the companys board in 2018