Tiger Global Invests $31.5M in Quizizz

Quizizz Secures $31.5 Million in Series B Funding

Quizizz, an India-based startup focused on enhancing student engagement through interactive learning experiences, announced on Wednesday that it has successfully raised $31.5 million in a new funding round.

Investment Details

Tiger Global spearheaded the Series B financing for the company, which is five and a half years old. Participation also came from Yahoo co-founder Jerry Yang, alongside existing investors including Eight Roads Ventures, GSV Ventures, and Nexus Venture Partners.

Having completed its prior funding round in March of this year, Quizizz has now accumulated a total of $47 million in funding. Recent valuations place the company at approximately $300 million.

The Core Mission

“The challenge of maintaining focus during study sessions was something we personally experienced as children,” explained Ankit Gupta, co-founder and CEO of Quizizz, in a recent interview. “Our core belief is that, given the numerous distractions facing students today, learning must be made more captivating.”

Gupta, alongside fellow co-founder Deepak Cheenath, initially developed prototypes within a non-profit school setting in Bangalore. Following this, in 2015, they collaborated extensively with educators and students in the United States, ultimately leading to the development of the Quizizz platform.

How Quizizz Works

Quizizz provides a platform where teachers and a broader community can create gamified learning materials for students. Rather than always building lessons from scratch, teachers can leverage a library of over 20 million existing quizzes to explain concepts.

This approach has demonstrably increased student engagement, according to Gupta. Furthermore, the platform allows teachers to pinpoint students who are struggling with specific concepts in real-time, enabling targeted intervention.

Subject Coverage and Global Reach

The platform supports a diverse range of academic subjects, including computer science, English, mathematics, science, social studies, world languages, and creative arts.

Over time, Quizizz has experienced organic growth internationally, with widespread adoption in classrooms globally. Currently, the platform is utilized by educators in over 120 countries, with students collectively answering more than 300 million questions weekly. The U.S. represents Quizizz’s largest market, where the platform is used in over 80% of K-12 schools.

Teacher Testimonials

“Quizizz facilitated a smooth transition to online learning during the pandemic,” stated Rory Roberts, a math teacher at Brigantine Community School. “Even with a return to in-person instruction, I’ve consistently used it. Creating, locating, and modifying lessons on Quizizz has become a rewarding activity.”

Deepak Cheenath of Quizizz added, “We recently conducted user testing with teachers in California, observed students enthusiastically supporting each other in Kenya, and received a thank-you note from teachers in Indonesia proudly wearing Quizizz branded apparel. We are incredibly proud of the impact our team and teacher community are making.”

Future Plans

The newly acquired capital will be used to expand the company’s teams in both the U.S. and India, supporting continued growth. Quizizz is also actively pursuing strategic partnerships to accelerate its international expansion efforts.