Tiger Global leads $31.5 Mn round in Quizizz

Student engagement platform Quizizz has raised $31.5 million as part of its ongoing Series B funding round led by Tiger Global. Existing investors Nexus Venture Partners, GSV Ventures and Eight Roads Ventures also joined the round along with new backers including Yahoo co-founder Jerry Yang.

This is the second funding for Quizizz in 2021. In March, the edtech company had scooped up $12.5 million in its Series A funding led by Eight Roads Ventures. 

Quizizz will use the funding to expand its team across both India and the US and invest in key partnerships to accelerate expansion in international markets, said the company in a press release.

The Bengaluru-based company helps teachers find and create gamified quizzes, interactive lessons and engaging study materials. It also generates automated grading and instant student feedback that teachers can act upon.

According to the six-year-old company, its platform is currently used in more than 120 countries and more than 80% of US K-12 schools and has 60 million monthly active users.

Founded by Ankit Gupta and Deepak Cheenath, Quizizz has so far raised $47 million since its inception in 2015.

Tiger Global has been an active investor in the edtech space in India. This is the sixth edtech investment by the New York-based fund which had backed Byju’s, InterviewBit, Unacademy, Vedantu and most recently Classplus.

Last week, B2B edtech startup Classplus had announced its $65 million Series C round led by Tiger Global. Quizizz’s early backer GSV Ventures also participated in Classplus’ latest round.