SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
SplashLearn, the US-headquartered learning business began 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 smartly adapts to each kids learning capability and assists them master abilities at their own pace. 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 include reading and also released a personalized tutoring product, owing to growing need from moms and dads and instructors.
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About Owl Ventures.
Owl Ventures is the biggest venture capital fund in the world focused on the education innovation market with over $1.2 billion in assets under management. The Silicon Valley-based firm buys the worlds leading education innovation companies throughout the education spectrum encompassing PreK-12, college and future of work (profession mobility/ expert learning). Owl Ventures has deep domain knowledge and leverages an international network of Limited Partners, investors, and strategic partners to assist entrepreneurs scale their organizations into transformative category-leading companies. Discover more at www.owlvc.com
SplashLearn, the US-headquartered discovering company 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 biggest edtech sector-focused equity capital firm worldwide. Accel, who earlier invested $7 million in Series B, likewise took part in this round.
SplashLearn, formerly Splash Math, develops engaging discovering experiences built to change kids into fearless students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that offers each child a customized knowing experience that is fun and immersive. It is currently used in 150+ countries and has actually benefitted more than 40 million kids around the world.
SplashLearn is readily available throughout all digital platforms (iOS, Android and Web). For additional information, go to www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
SplashLearn, formerly Splash Math, produces engaging finding out experiences constructed to transform children into courageous students.
SplashLearn was included in 2010. The bulk of the service comes from the United States and currently, students in one in every 3 schools in the nation usage SplashLearn. SplashLearn is a game-based learning program that smartly adapts to each kids knowing ability and helps them master skills at their own pace. Its curriculum covers pre-kindergarten through grade 5 for mathematics and reading. With a strong concentrate on engagement and effectiveness, it has more than 4,000+ curriculum-aligned video games and activities, created to produce an interesting learning experience for kids.
Accel is an international venture capital company that partners with exceptional founders with distinct insights, from beginning through all phases of private company 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 previous 35+ years. The company seeks to comprehend entrepreneurs as people, appreciate their originality and play to their strengths. Due to the fact that success doesnt have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
The video games within the program aim to move the present narrative around learning, turning it into an experience that augments the kids desire to discover by making learning itself rewarding for every child. Thus reducing their worry of failure, and producing what we like to call courageous learners” said Arpit Jain, CEO and co-founder, SplashLearn.
With the start of Covid-19, SplashLearn saw a rise of almost 3x in adoption, as more students turned online and families started looking for academic assistance. In 2020, more than 10 million brand-new users joined the SplashLearn program. The demand came in not only from the US but likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the math program to include reading and likewise launched a personalized tutoring item, owing to growing need from instructors and moms and dads.
” We are proud to partner and support SplashLearn which is bringing about a change in the digital learning space,” said Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
” SplashLearn is well poised to cause a distinct change in the digital knowing space with its special mix of clinically created curriculum and its pedagogical methods with worldwide appeal. SplashLearn fits into our objective of supporting innovative companies in the edtech area, helping 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 businesss board in addition to Abhinav Chaturvedi.