SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
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SplashLearn is readily available throughout all digital platforms (iOS, Android and Web). For more information, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
” SplashLearn is well poised to produce a distinct change in the digital learning space with its unique mix of scientifically created curriculum and its pedagogical methods with global appeal. SplashLearn fits into our objective of supporting innovative business in the edtech area, assisting drive a paradigm shift in the method 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.
SplashLearn, the US-headquartered finding out company began 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 intelligently adjusts to each kids learning capability and helps them master abilities 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 broadened its offering beyond the math program to include reading and also released an individualized tutoring item, owing to growing demand from parents and instructors.
The bulk of the company comes from the United States and currently, trainees in one in every 3 schools in the country usage SplashLearn. SplashLearn is a game-based knowing program that smartly adjusts to each kids 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 properties under management. Owl Ventures has deep domain knowledge and leverages a worldwide network of Limited Partners, financiers, and strategic partners to help business owners scale their companies into transformative category-leading companies.
SplashLearn, formerly Splash Math, develops engaging finding out experiences built to transform kids into brave learners.
eSchool News Staff.
With the start of Covid-19, SplashLearn saw a rise of nearly 3x in adoption, as more students turned online and families began looking for academic support. In 2020, more than 10 million new users joined the SplashLearn program. The need came 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 math program to consist of reading and likewise released a customized tutoring product, owing to growing need from teachers and parents.
About Owl Ventures.
SplashLearn, the US-headquartered learning company began 2021 on a high note raising $18 million in Series C financing round led by Owl Ventures. San Francisco based Owl Ventures is the biggest edtech sector-focused venture capital company in the world. Accel, who previously invested $7 million in Series B, also took part in this round.
” We visualize a world where every child would find out, fearlessly. The games within the program aim to move the current story around knowing, turning it into an experience that augments the kids desire to find out by making discovering itself rewarding for every child. Hence decreasing their fear of failure, and creating what we like to call courageous learners” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for growth and scaling our new vertical– tutoring”, he included.
Accel is a worldwide venture capital firm that partners with exceptional founders with special insights, from inception 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 among the companies the company has actually 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 signed up with the companys board in 2018
SplashLearn, formerly Splash Math, produces engaging learning experiences constructed to change children into brave students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that provides each kid an individualized knowing experience that is fun and immersive. It is presently utilized in 150+ nations and has actually benefitted more than 40 million kids around the world.