SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
Owl Ventures is the largest equity capital fund on the planet focused on the education innovation market with over $1.2 billion in possessions under management. The Silicon Valley-based firm buys the worlds leading education technology business across the education spectrum including PreK-12, college and future of work (profession movement/ expert learning). Owl Ventures has deep domain proficiency and leverages a global network of Limited Partners, investors, and tactical partners to help entrepreneurs scale their businesses into transformative category-leading companies. Find out more at www.owlvc.com
SplashLearn is offered across all digital platforms (iOS, Android and Web). To learn more, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
eSchool News Staff.
SplashLearn, formerly Splash Math, develops engaging discovering experiences developed to transform kids into brave learners.
SplashLearn, the US-headquartered finding out business 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 wisely adjusts to each childs learning capability and helps them master skills at their own pace. In 2020, more than 10 million brand-new users joined 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 customized tutoring item, owing to growing demand from moms and dads and teachers.
” We are proud to partner and assistance SplashLearn which is causing an improvement in the digital knowing area,” said Abhinav Chaturvedi, Partner, Accel, who joined the companys board in 2018
” We picture a world where every child would learn, fearlessly. The games within the program objective to shift the existing story around knowing, turning it into an experience that enhances the kids desire to find out by making learning itself rewarding for every kid. Therefore decreasing their worry of failure, and developing what we like to call fearless learners” stated Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for development and scaling our new vertical– tutoring”, he added.
SplashLearn, formerly Splash Math, creates engaging finding out experiences developed to change children into courageous learners. Its PreK-5 game-based knowing program is curriculum-aligned and has an adaptive algorithm that uses each child a customized knowing experience that is enjoyable and immersive. It is presently used in 150+ nations and has benefitted more than 40 million kids around the world.
” SplashLearn is well poised to bring about a distinct change in the digital learning area with its special blend of clinically developed curriculum and its pedagogical approaches with international appeal. SplashLearn fits into our goal of supporting innovative business in the edtech area, helping 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 together with Abhinav Chaturvedi.
Accel is a global equity capital firm that partners with exceptional founders with unique insights, from creation through all stages of private 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 among the companies the company has actually backed over the previous 35+ years. The company looks for to comprehend business owners as people, appreciate their creativity and play to their strengths. Due to the fact that success doesnt have a stereotype. For more, go to www.accel.com or www.twitter.com/accel_india.
In 2020, more than 10 million brand-new users signed up with the SplashLearn program. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to consist of reading and also released a customized tutoring product, owing to growing demand from instructors and parents.
About Owl Ventures.
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SplashLearn, the US-headquartered discovering 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 equity capital firm worldwide. Accel, who previously invested $7 million in Series B, likewise got involved in this round.
SplashLearn was included in 2010. The bulk of the business originates from the United States and currently, students in one in every three schools in the nation use SplashLearn. SplashLearn is a game-based knowing program that wisely adjusts to each kids learning ability and assists them master abilities at their own rate. 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 games and activities, developed to produce an exciting learning experience for kids.