SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn was incorporated in 2010. The bulk of business originates from the United States and presently, students in one in every three schools in the nation usage SplashLearn. SplashLearn is a game-based knowing program that intelligently adapts to each childs learning capability and assists them master abilities at their own speed. Its curriculum covers pre-kindergarten through grade 5 for mathematics and reading. With a strong focus on engagement and efficacy, it has more than 4,000+ curriculum-aligned video games and activities, created to develop an amazing learning experience for kids.
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” We imagine a world where every kid would learn, fearlessly. The video games within the program objective to move the current story around learning, turning it into an experience that augments the childs desire to learn by making discovering itself rewarding for every child. Therefore decreasing their fear of failure, and creating what we like to call fearless students” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mostly be used for development and scaling our brand-new vertical– tutoring”, he included.
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” SplashLearn is well poised to cause an unique change in the digital knowing space with its special mix of clinically developed curriculum and its pedagogical techniques with worldwide appeal. SplashLearn fits into our goal of supporting ingenious companies in the edtech area, 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 businesss board in addition to Abhinav Chaturvedi.
SplashLearn is readily available across all digital platforms (iOS, Android and Web). For more details, check out www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, the US-headquartered finding out business started 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. San Francisco based Owl Ventures is the largest edtech sector-focused equity capital company in the world. Accel, who previously invested $7 million in Series B, likewise took part in this round.
About Owl Ventures.
SplashLearn, the US-headquartered finding out business started 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 wisely adapts to each childs knowing ability and assists them master skills at their own rate. 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 math program to include reading and also released a personalized tutoring product, owing to growing demand from parents and teachers.
With the onset of Covid-19, SplashLearn saw a rise of practically 3x in adoption, as more trainees turned online and households began seeking academic support. In 2020, more than 10 million brand-new users joined the SplashLearn program. The need can be found in not just from the US however likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to consist of reading and also introduced an individualized tutoring product, owing to growing demand from instructors and moms and dads.
Owl Ventures is the largest venture capital fund on the planet concentrated on the education technology market with over $1.2 billion in assets under management. The Silicon Valley-based firm purchases the worlds leading education technology business throughout the education spectrum incorporating PreK-12, college and future of work (career movement/ expert knowing). Owl Ventures has deep domain expertise and leverages a global network of Limited Partners, investors, and tactical partners to help business owners scale their companies into transformative category-leading companies. Discover more at www.owlvc.com
SplashLearn, formerly Splash Math, produces engaging finding out experiences developed to transform kids into courageous learners.
Accel is a global venture capital company that partners with remarkable founders with unique insights, from creation through all stages of personal business growth. 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 backed over the previous 35+ years.
” We are proud to partner and support SplashLearn which is causing an improvement in the digital learning space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
SplashLearn, formerly Splash Math, creates 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 uses each kid a personalized learning experience that is fun and immersive. It is presently utilized in 150+ countries and has benefitted more than 40 million kids around the world.