Quizizz, a gamified education technology startup, has raised $12.5 million in a Series A funding round led by Eight Roads Ventures, the Bengaluru-based company has announced on Tuesday, March 9, 2021.
The round also saw participation from GSV Ventures, Rocketship VC, and existing investors Nexus Venture Partners and Prime Venture Partners.
Founded in 2015 by Ankit Gupta and Deepak Cheenath, Quizizz helps teachers create gamified quizzes, interactive lessons, and engaging study materials that generate instant student feedback without needing to be graded by hand. Teachers can also benefit by peer sharing and making new content available.
Quizizz has its operations in India and the US, and it claims to currently have more than 60 million monthly active users from over 100 countries. It said its platform is used in over 65% of US schools.
“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. Our focus on teacher-directed learning differentiates Quizizz from many Indian startups providing independent study solutions and supplemental curriculum,” says Ankit Gupta, Co-founder and CEO, Quizizz.
According to a statement, the Bengaluru-based startup plans to utilize the capital to expand its team to support school and corporate customers and accelerate international user growth.
"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 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 & Head of Technology Investments, Eight Roads Ventures India.
According to the company, teachers can use and customize over 30 million quizzes and lessons spanning primary school mathematics to career and technical education on Quizizz app. It said in 2020, students collectively answered more than 13 billion questions on the platform.
Quizizz also said that it will continue building tools that make teachers’ lives easier and give educators more time to provide personal support to their students.