Quizlet Secures $20 Million in Series B Funding
Quizlet today announced it has raised $20 million in Series B funding. The round was led by Icon Ventures, with Union Square Ventures, Costanoa Ventures, Owl Ventures and Altos Ventures participating in follow-on investments.
According to the company, Quizlet is the largest user-generated consumer learning platform in the U.S. The company uses activities and games to help students practice and master what they’re learning. Its learning activities have as their goal to help people effectively study over time so they can master foundational information and retain it long-term. Quizlet supplements existing modes of learning, letting students engage with material in the ways they learn best and providing a knowledge base for teachers to share content with one another.
The Series B funding will be used to accelerate the company’s artificial intelligence capabilities, build out its data science team and increase Quizlet’s international footprint. It will also expand the company’s international presence starting in Europe and following with Asia.