SplashLearn, a San Francisco-based ed tech start-up that teaches children via a game-based curriculum, has raised $18 million in a Series C funding round led by Owl Ventures, TechCrunch has reported.
Accel, which earlier invested $7 million in the SplashLearn’s Series B, also participated in the round.
SplashLearn provides maths and reading courses to youngsters in pre-kindergarten to grade five comprising more than 4,000 games and other interactive activities which explain various concepts. The platform also provides 15 to 20 minutes of daily personalised learning to each child.
The service costs $12 a month for parents and is free for schools. SplashLearn said one in every three US schools use its service.
SplashLearn co-founder and chief executive Arpit Jain said: “One of our goals has been to make quality education available to students for free. Our business model has enabled us to work on this. SplashLearn doesn’t reach out to schools. Teachers use our platform, and if they like the offering, they make the case for wider adoption at the school.”
SplashLearn said it caters to more than 40 million registered students on its platform, 10 million of whom joined last year when shut schools due to Covid-19, and more than 750,000 teachers also use the platform.
Owl Ventures is headquartered in San Francisco.
Date published: 11 February 2021