SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” We picture a world where every kid would discover, fearlessly. The games within the program goal to move the present story around knowing, turning it into an experience that enhances the kids desire to discover by making learning itself rewarding for each kid. Hence decreasing their fear of failure, and producing what we like to call courageous students” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be used for development and scaling our brand-new vertical– tutoring”, he included.
SplashLearn, the US-headquartered discovering business 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 equity capital company worldwide. Accel, who earlier invested $7 million in Series B, likewise took part in this round.
” SplashLearn is well poised to cause a distinct modification in the digital learning space with its distinct mix of clinically developed curriculum and its pedagogical techniques with international appeal. SplashLearn fits into our objective of supporting ingenious business 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 signing up with the companys board along with Abhinav Chaturvedi.
Accel is a worldwide endeavor capital company that partners with exceptional creators with distinct insights, from beginning through all phases of personal 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.
SplashLearn, formerly Splash Math, creates engaging finding out experiences built to change children into brave students.
About Owl Ventures.
SplashLearn, the US-headquartered learning 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 wisely adjusts to each childs learning ability and helps them master skills at their own pace. 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 introduced a personalized tutoring item, owing to growing demand from teachers and parents.
The bulk of the organization comes from the United States and currently, trainees in one in every three schools in the country use SplashLearn. SplashLearn is a game-based learning program that wisely adapts to each kids learning ability and assists them master abilities at their own speed.
SplashLearn, previously Splash Math, develops engaging learning experiences developed to transform kids into courageous learners. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each child a tailored knowing experience that is enjoyable and immersive. It is currently used in 150+ countries and has actually benefitted more than 40 million kids around the world.
SplashLearn is available throughout all digital platforms (iOS, Android and Web). For more details, check out www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
eSchool News Staff.
About the Author:.
Owl Ventures is the largest endeavor capital fund worldwide 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 innovation companies throughout the education spectrum incorporating PreK-12, greater education and future of work (profession movement/ professional learning). Owl Ventures has deep domain expertise and leverages an international network of Limited Partners, financiers, and tactical partners to assist business owners scale their businesses into transformative category-leading companies. Discover more at www.owlvc.com
” We are happy to partner and support SplashLearn which is producing a change in the digital learning area,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
With the onset of Covid-19, SplashLearn saw a surge of nearly 3x in adoption, as more trainees turned online and households began looking for academic assistance. In 2020, more than 10 million new users joined the SplashLearn program. The need can be found in not only from the US however likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to include reading and also introduced a personalized tutoring item, owing to growing need from parents and teachers.