SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, the US-headquartered finding out business started 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. SplashLearn is a game-based knowing program that intelligently adapts to each childs learning ability and assists them master skills at their own speed. In 2020, more than 10 million new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to consist of reading and also introduced a personalized tutoring product, owing to growing demand from parents and teachers.
SplashLearn is offered throughout all digital platforms (iOS, Android and Web). For more info, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
” SplashLearn is well poised to bring about an unique modification in the digital knowing area with its unique mix of clinically created curriculum and its pedagogical methods with worldwide appeal. SplashLearn fits into our objective of supporting innovative companies in the edtech space, assisting drive a paradigm shift in the way education is imparted, bringing it to scale” said Amit A. Patel Managing Director, Owl Ventures, who would be joining the companys board together with Abhinav Chaturvedi.
With the start of Covid-19, SplashLearn saw a rise of almost 3x in adoption, as more students turned online and families began seeking educational support. In 2020, more than 10 million brand-new users signed up with the SplashLearn program. The need can be found in not just from the US but also the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the mathematics program to consist of reading and also launched a customized tutoring item, owing to growing need from instructors and moms and dads.
Accel is an international equity capital company that partners with extraordinary creators with distinct insights, from inception 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 firm has actually backed over the previous 35+ years. The company seeks to understand business owners as individuals, value their creativity and play to their strengths. Because greatness does not have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
SplashLearn, formerly Splash Math, develops engaging finding out experiences built to change kids into brave learners. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each kid a tailored knowing experience that is enjoyable and immersive. It is presently used in 150+ nations and has actually benefitted more than 40 million kids around the world.
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About Owl Ventures.
” We are happy to partner and assistance SplashLearn which is bringing about an improvement in the digital knowing area,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
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 largest edtech sector-focused endeavor capital firm on the planet. Accel, who earlier invested $7 million in Series B, likewise took part in this round.
The video games within the program aim to shift the existing story around knowing, turning it into an experience that enhances the childs desire to discover by making learning itself rewarding for every kid. Therefore reducing their worry of failure, and producing what we like to call fearless learners” stated Arpit Jain, CEO and co-founder, SplashLearn.
Owl Ventures is the largest endeavor capital fund in the world focused on the education innovation market with over $1.2 billion in possessions under management. Owl Ventures has deep domain proficiency and leverages a worldwide network of Limited Partners, investors, and strategic partners to assist business owners scale their services into transformative category-leading companies.
SplashLearn was included in 2010. The bulk of the organization originates from the United States and presently, students in one in every three schools in the country usage SplashLearn. SplashLearn is a game-based learning program that wisely adjusts to each kids learning ability and assists them master skills at their own pace. Its curriculum covers pre-kindergarten through grade 5 for mathematics and reading. With a strong concentrate on engagement and efficacy, it has more than 4,000+ curriculum-aligned video games and activities, developed to develop an exciting knowing experience for kids.
SplashLearn, formerly Splash Math, produces engaging learning experiences developed to transform children into courageous students.