SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
” We are happy to partner and assistance SplashLearn which is bringing about an improvement in the digital knowing space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
SplashLearn, formerly Splash Math, creates engaging finding out experiences built to transform children into brave students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each child a personalized learning experience that is fun and immersive. It is currently used in 150+ nations and has benefitted more than 40 million kids around the world.
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” SplashLearn is well poised to produce an unique change in the digital knowing space with its special blend of scientifically developed curriculum and its pedagogical methods with global appeal. SplashLearn suits 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” stated Amit A. Patel Managing Director, Owl Ventures, who would be joining the businesss board in addition to Abhinav Chaturvedi.
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.
The bulk of the company comes from the United States and currently, students in one in every 3 schools in the country use SplashLearn. SplashLearn is a game-based learning program that smartly adjusts to each childs learning capability and helps them master skills at their own rate.
Owl Ventures is the largest venture capital fund in the world focused on the education technology market with over $1.2 billion in assets under management. Owl Ventures has deep domain know-how and leverages a worldwide network of Limited Partners, financiers, and tactical partners to help business owners scale their services into transformative category-leading business.
SplashLearn, the US-headquartered learning company started 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 childs knowing ability and helps them master skills at their own speed. 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 include reading and also launched a customized tutoring item, owing to growing need from parents and teachers.
Accel is a worldwide venture capital firm that partners with extraordinary creators with distinct insights, from creation through all phases 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 company has backed over the past 35+ years.
” We envision a world where every child would find out, fearlessly. The games within the program objective to move the existing narrative around learning, turning it into an experience that augments the childs desire to find out by making learning itself rewarding for every child. Hence decreasing their fear of failure, and developing 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.
SplashLearn, previously Splash Math, develops engaging discovering experiences constructed to change kids into fearless students.
With the onset of Covid-19, SplashLearn saw a surge of practically 3x in adoption, as more trainees turned online and families started seeking educational assistance. In 2020, more than 10 million new users joined the SplashLearn program. The demand was available in not only from the US however 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 also introduced a personalized tutoring product, owing to growing demand from parents and instructors.
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 endeavor capital firm worldwide. Accel, who earlier invested $7 million in Series B, likewise took part in this round.