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Deepti Sri · · 1 min readIndian edtech startup Quizziz nets $12.5m in Eight Roads Ventures-led round
“Edtech startup Quizizz has raised US$12.5 million as a part of its series A funding round led by Eight Roads Ventures. The round also saw participation from GSV Ventures, Rocketship VC, and existing investors Nexus Venture Partners and Prime Venture Partners,” reported Livemint.
Details:
- Funds raised from the financing round will be used to expand the company’s team for school and corporate customers, as well as accelerate international user growth.
- Quizizz claimed that it engages over 60 million monthly active users, and that it is used in over 65% of schools in the US.
Context:
- The India-based edtech firm helps teachers create interactive lessons through gamified quizzes that generate instant student feedback.
- This development comes amid a strong growth in the global edtech market, accelerated by the Covid-19 pandemic that has forced students to study from home.
Editing by Collin Furtado and September Grace Mahino
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