Total amount raised
$47 Millions
Latest funding date
6/1/2021
Location
Quizizz has successfully raised significant funding through multiple rounds, with notable investors such as Tiger Global Management and Nexus Venture Partners. The platform offers a range of educational tools, including gamified quizzes and interactive lessons.
Continue reading to delve into the details of Quizizz's funding journey and the key investors supporting this innovative educational platform.
What Is Quizizz?
Quizizz, founded in 2015 by Ankit Gupta and Deepak Joy Cheenath, is an education-based platform headquartered in Santa Monica, California. The company specializes in providing gamified quizzes and interactive lessons designed to engage learners of all ages.
With a team of 101-250 employees, Quizizz supports educators and training professionals by offering tools for quick assessments and instant result analysis. The platform is widely used in schools across the United States and in over 150 countries.
Quizizz's features include differentiated instruction, real-time feedback, and gamification elements like power-ups, making it a versatile tool for reinforcing concepts, tutoring, and test preparation.
How Much Funding Has Quizizz Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2015
- Lead Investors: Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform and establish initial operations.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its user base.
- Venture Round
- Amount Raised: $3M
- Date: August 2018
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
- Series A
- Amount Raised: $12.5M
- Date: March 2021
- Lead Investors: Eight Roads Ventures India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop the platform.
- Series B
- Amount Raised: $31.5M
- Date: June 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand teams in India and the U.S. and invest in international partnerships.
Total Amount Raised: $47M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a US-based investment firm known for its investments in technology and internet companies. They led the Series B funding round for Quizizz.
- Investment Focus Areas: Technology, internet companies, software.
- Notable Investments: Facebook, LinkedIn, Flipkart.
- Eight Roads Ventures India
- Details: Eight Roads Ventures India is a global venture capital firm that invests in technology and healthcare companies. They led the Series A funding round for Quizizz.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Alibaba, App Annie, Icertis.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies across sectors. They participated in multiple funding rounds for Quizizz.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Delhivery, Druva, Unacademy.
- Prime Venture Partners
- Details: Prime Venture Partners is an early-stage venture capital firm that focuses on disruptive technology startups. They led the initial seed round for Quizizz.
- Investment Focus Areas: Fintech, SaaS, healthcare.
- Notable Investments: MyGate, Happay, Ezetap.
- GSV Ventures
- Details: GSV Ventures is a venture capital firm that focuses on the global education technology sector. They participated in the Series B funding round for Quizizz.
- Investment Focus Areas: Education technology, digital learning, workforce development.
- Notable Investments: Coursera, ClassDojo, MasterClass.
What's Next for Quizizz?
Quizizz is poised for significant growth, with opportunities to expand its teams in India and the U.S. and invest in international partnerships. The platform's reach in over 120 countries and its use in more than 80% of U.S. K-12 schools highlight its potential to further penetrate global markets.
Future fundraising rounds seem likely as Quizizz continues to scale and enhance its offerings. The increasing demand for gamified and interactive learning tools, driven by the shift towards digital and remote education, positions Quizizz well for continued investment.
However, the company faces challenges such as competition from other edtech platforms and the need to adapt to diverse educational standards globally. Maintaining profitability while expanding will also be crucial for sustained success.
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