Tiger Global & Others invests $31.5 million in Student Engagement Platform Quizizz
Student engagement platform Quizizz, has raised $31.5 million (approximately Rs 206 crore) in a Series B funding round led by Tiger Global. Existing investors Nexus Venture Partners, GSV Ventures, and Eight Roads Ventures participated in the round, as did new investors such as Yahoo co-founder Jerry Yang.
The funding will be used by the Bengaluru-based company to expand its team in both India and the United States. According to a statement, it will also invest in key partnerships to accelerate expansion in international markets.
The fundraising comes after a Series A announcement in March.
Investors have so far contributed $47 million to the company.
Quizizz, founded in 2015 by Ankit Gupta and Deepak Cheenath, assists teachers in discovering and creating gamified quizzes, interactive lessons, and engaging study materials. Its platform is currently used in over 120 countries and in more than 80% of K-12 schools in the United States.
It enables students and teachers to connect to the internet at the same time. It employs a quiz-style teaching and learning method in which a user independently answers questions in a series and competes with other users on the same quiz.
It has 60 million monthly active users (MAUs) and is supported by a global teacher community that has contributed over 20 million quizzes and lessons spanning all subjects and grade levels.
In late 2020, the company began offering paid subscriptions and is now profitable. It has teams in the United States and India.
According to the company, unlike traditional edtech startups, it seeks to empower teachers to create more engaging learning experiences for their students in the classroom and at home. The platform has grown through word-of-mouth as educators share Quizizz with their colleagues both online and in person.
In an average week, students around the world answer more than 300 million questions on Quizizz. “Our hope is that every time a question is answered, it inspires the student to keep learning and gives their teacher time to focus on personalised support instead of staying up late grading a stack of worksheets,” said Quizizz CEO Ankit Gupta.
The funding will be used by the Bengaluru-based company to expand its team in both India and the United States. According to a statement, it will also invest in key partnerships to accelerate expansion in international markets.
The fundraising comes after a Series A announcement in March.
Investors have so far contributed $47 million to the company.
Quizizz, founded in 2015 by Ankit Gupta and Deepak Cheenath, assists teachers in discovering and creating gamified quizzes, interactive lessons, and engaging study materials. Its platform is currently used in over 120 countries and in more than 80% of K-12 schools in the United States.
It enables students and teachers to connect to the internet at the same time. It employs a quiz-style teaching and learning method in which a user independently answers questions in a series and competes with other users on the same quiz.
It has 60 million monthly active users (MAUs) and is supported by a global teacher community that has contributed over 20 million quizzes and lessons spanning all subjects and grade levels.
In late 2020, the company began offering paid subscriptions and is now profitable. It has teams in the United States and India.
According to the company, unlike traditional edtech startups, it seeks to empower teachers to create more engaging learning experiences for their students in the classroom and at home. The platform has grown through word-of-mouth as educators share Quizizz with their colleagues both online and in person.
In an average week, students around the world answer more than 300 million questions on Quizizz. “Our hope is that every time a question is answered, it inspires the student to keep learning and gives their teacher time to focus on personalised support instead of staying up late grading a stack of worksheets,” said Quizizz CEO Ankit Gupta.
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