SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
With the start of Covid-19, SplashLearn saw a rise of nearly 3x in adoption, as more trainees turned online and households started seeking educational support. In 2020, more than 10 million new users signed up with the SplashLearn program. The need came in not only from the United States however likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn broadened its offering beyond the math program to consist of reading and likewise released a customized tutoring product, owing to growing demand from teachers and parents.
eSchool News Staff.
SplashLearn, the US-headquartered learning company 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 intelligently adjusts to each kids knowing ability and assists 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 expanded its offering beyond the mathematics program to include reading and likewise introduced an individualized tutoring product, owing to growing need from instructors and parents.
” We envision a world where every child would find out, fearlessly. The games within the program objective to move the current story around knowing, turning it into an experience that enhances the kids desire to discover by making learning itself rewarding for every kid. Thus decreasing their worry of failure, and producing what we like to call fearless students” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will mainly be utilized for growth and scaling our new vertical– tutoring”, he added.
SplashLearn, previously Splash Math, creates engaging discovering experiences built to transform children into courageous learners.
Owl Ventures is the largest endeavor 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 know-how and leverages an international network of Limited Partners, financiers, and strategic partners to assist business owners scale their services into transformative category-leading companies.
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. San Francisco based Owl Ventures is the largest edtech sector-focused equity capital firm worldwide. Accel, who previously invested $7 million in Series B, likewise took part in this round.
SplashLearn is offered across all digital platforms (iOS, Android and Web). For more details, see www.splashlearn.com. Follow SplashLearn on Facebook, Instagram and Twitter.
Accel is a global venture capital company that partners with extraordinary founders with special insights, from beginning through all stages of private 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 firm has actually backed over the previous 35+ years. The company seeks to understand entrepreneurs as people, appreciate their creativity and play to their strengths. Because success does not have a stereotype. For more, go to www.accel.com or www.twitter.com/accel_india.
” We are proud to partner and support SplashLearn which is causing a change in the digital knowing space,” stated Abhinav Chaturvedi, Partner, Accel, who joined the businesss board in 2018
SplashLearn, previously Splash Math, creates engaging learning experiences constructed to transform kids into fearless learners. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that provides each child a tailored knowing experience that is fun and immersive. It is presently used in 150+ nations and has actually benefitted more than 40 million kids around the world.
” SplashLearn is well poised to produce an unique modification in the digital learning space with its distinct blend of clinically designed curriculum and its pedagogical methods with international appeal. SplashLearn fits into our goal of supporting innovative business in the edtech space, helping drive a paradigm shift in the method 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.
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SplashLearn was integrated in 2010. The bulk of business comes from the United States and presently, students in one in every three schools in the country usage SplashLearn. SplashLearn is a game-based learning program that wisely adapts to each childs knowing ability and assists them master skills at their own pace. Its curriculum covers pre-kindergarten through grade 5 for math and reading. With a strong concentrate on engagement and effectiveness, it has over 4,000+ curriculum-aligned games and activities, created to create an amazing learning experience for kids.