Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
STARTUPS

Quizizz Lands $12.5 Million in Funding Led by Eight Roads Ventures

Education technology startup Quizizz has raised $12.5 million in Series A funding led by Eight Roads Ventures along with participation from GSV Ventures, Rocketship VC, and existing investors Nexus Venture Partners and Prime Venture Partners. The startup, which helps teachers create gamified quizzes and interactive learning material, plans to utilize the capital to expand its team to support corporate and school customers and accelerate its international expansion, it said in a statement on Tuesday. Founded in 2015 by Ankit Gupta and Deepak Cheenath, Quizizz claims it already has 60 million monthly users on its platform spread across 100 countries, and with over 65 per cent of schools in the US using the service.


“Our focus on teacher-directed learning differentiates Quizizz from many Indian EdTech startups providing independent study solutions and supplemental curriculum,” said Gupta, who is the CEO of the company. “No matter what is being taught, we think the best and most personalized learning happens when an educator is freed from busywork like grading worksheets and rigid, out-of-the-box curriculum.”


Teachers have access to and can customize over 30 million quizzes on the service today, spanning topics from primary school mathematics to career and technical education. Quizizz also generates automated grading and generates instant student feedback that teachers can act upon. “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 deep understanding of their users which has resulted in incredible word-of-mouth growth across millions of teachers in the U.S., Europe, and Asia,” said Shweta Bhatia, Partner, Eight Roads Ventures India.

Get Daily Prediction & Stocks Tips On Your Mobile