SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel
Owl Ventures is the biggest endeavor capital fund in the world focused on the education innovation 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, investors, and tactical partners to assist entrepreneurs scale their organizations into transformative category-leading companies.
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The bulk of the company comes from the United States and currently, trainees in one in every 3 schools in the nation use SplashLearn. SplashLearn is a game-based learning program that smartly adapts to each childs learning capability and helps them master abilities at their own speed.
” We are happy to partner and assistance SplashLearn which is producing an improvement in the digital learning area,” said Abhinav Chaturvedi, Partner, Accel, who signed up with the companys board in 2018
” We visualize a world where every child would discover, fearlessly. The video games within the program aim to move the current narrative around knowing, turning it into an experience that enhances the childs desire to find out by making learning itself rewarding for each child. Therefore minimizing their fear of failure, and developing what we like to call brave students” said Arpit Jain, CEO and co-founder, SplashLearn. “The funds will primarily be utilized for growth and scaling our brand-new vertical– tutoring”, he included.
SplashLearn, the US-headquartered discovering business started 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 venture capital company worldwide. Accel, who previously invested $7 million in Series B, likewise got involved in this round.
” SplashLearn is well poised to cause an unique change in the digital learning area with its unique mix of clinically created curriculum and its pedagogical approaches with worldwide appeal. SplashLearn suits our goal of supporting ingenious 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 signing up with the businesss board along with Abhinav Chaturvedi.
Accel is an international venture capital firm that partners with remarkable creators with unique insights, from beginning 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 business the company has actually backed over the past 35+ years. The firm seeks to comprehend entrepreneurs as individuals, appreciate their creativity and play to their strengths. Since success does not have a stereotype. For more, see www.accel.com or www.twitter.com/accel_india.
SplashLearn, previously Splash Math, creates engaging finding out experiences constructed to change kids into fearless learners.
SplashLearn is available 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, previously Splash Math, produces engaging discovering experiences constructed to transform kids into fearless students. Its PreK-5 game-based learning program is curriculum-aligned and has an adaptive algorithm that provides each kid a personalized knowing experience that is fun and immersive. It is currently utilized in 150+ nations and has benefitted more than 40 million kids around the world.
With the beginning of Covid-19, SplashLearn saw a surge of practically 3x in adoption, as more trainees turned online and households began looking for instructional assistance. In 2020, more than 10 million brand-new users joined the SplashLearn program. The demand came in not just from the US but likewise the UK, Australia, and Canada. In the latter half of 2020, SplashLearn expanded its offering beyond the mathematics program to include reading and likewise released a personalized tutoring item, owing to growing demand from instructors and moms and dads.
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 smartly adjusts to each kids learning ability and helps them master abilities 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 math program to consist of reading and also introduced a customized tutoring item, owing to growing demand from teachers and moms and dads.