Bengaluru-based ed tech start-up Quizizz has raised $12.5 million Series A funding in a round led by Eight Roads Ventures, with participation from GSV Ventures, Rocketship VC and existing investors Nexus Venture Partners and Prime Venture Partners.
Quizizz helps teachers create gamified quizzes and interactive lessons that generate student feedback without needing to be graded by hand. Teachers can use and customise more than 30 million quizzes and lessons spanning primary school mathematics to career and technical education.
Quizizz said its learning platform is used by more than 60 million people a month in more than 100 countries. More than 65% of US schools access the platform, with students last year collectively answering more than 13 billion questions. The company added it will use the funding to expand its team and accelerate international user growth.
Chief executive and co-founder Ankit Gupta said: “No matter what is being taught, we think the best and most personalised learning happens when an educator is freed from busy work like grading worksheets and rigid, out-of-the-box curriculum. Our focus on teacher-directed learning differentiates Quizizz from many Indian ed tech start-ups providing independent study solutions and supplemental curriculum.
“This new investment is an opportunity to grow the company, solve more problems for teachers, and move more quickly towards our goal of motivating every student in the world.”
Shweta Bhatia, partner and head of technology investments at Eight Roads Ventures India, added: “Digital technology has become an integral part of the teaching process and the adoption of technology by educators has only accelerated during the pandemic.
“Quizizz’s customer centricity and product-first approach has resulted in a highly engaged community of teachers and students. We have a strong belief in Ankit and Deepak’s [co-founder Deepak Cheenath] deep understanding of their users which has resulted in incredible word-of-mouth growth across millions of teachers in the US, Europe, and Asia.”
Eight Roads Ventures said it invests in high-quality, high-growth companies in Asia, Europe, Israel and the US, with a focus on technology, healthcare and consumer.
Date published: 11 March 2021