Business Venture

Quizlet Secures $30M Series C To Further Develop Its Study Platform

Illustration of piles of gold coins to represent money

Learning platform Quizlet raised $30 million in Series C funding led by General Atlantic.

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The San Francisco-based company uses activities and games to help students practice and master what they’re learning. More than 50 million users per month access Quizlet’s 400 million user-generated study sets, or create their own, the company said in a written statement.

The new funding will go toward continued product innovation, with an emphasis on data science and machine-learning capabilities, the company said. In addition, it will aid strategic expansion opportunities.

Quizlet previously raised a $20 million Series B round in 2018, led by Icon Ventures.

As part of the investment, Peter Munzig, managing director in General Atlantic’s technology investing sector, will join Quizlet’s board of directors. In a written statement, he said Quizlet’s learning platform provides the depth and breadth of educational content that appeals to a wide range of users.

“Through aggregate and individual user behavior, Quizlet is able to curate and enhance learning experiences, an offering that resonates with its students and has enabled the company to capture significant momentum,” he said. “General Atlantic is a strong backer of the digitization and personalization of education, and we are excited to leverage our expertise in this field to partner with Matt (Glotzbach) and the talented Quizlet team to continue to scale the business globally.

Illustration: Li-Anne Dias

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