Education Startup Kiddom Secures $35 mln in Series C Funding

Kiddom, a San Francisco-based education startup, has closed a $35 million Series C funding round to continue developing its all-in-one education platform for digital curriculums.

The funding round was led by Altos Ventures and counted with the participation of Owl Ventures, Khosla Ventures, and Outcomes Collective. The total funding raised by the startup since its founding in 2015 is now $56.5 million. Ho Nam, Managing Director and Co-founder of Altos Ventures, referred to the firm’s participation by stating:

“The digital learning landscape has historically been extremely fragmented and last year’s unexpected learning shifts only accelerated the need for a high-quality, integrated digital curriculum management, assessment, and instruction solution. Kiddom is the future of personalized digital teaching and learning and with this funding, they will be well-positioned to keep up with the hunger for digital high-quality instructional materials.”

Kiddom has experienced massive growth of over 500% during the past year and has also doubled its headcount during the past 8 months. This success was mainly driven by the transition many educational institutions were forced to undertake due to the Covid 19 pandemic, which provided digital education platforms with an opportunity to supply the increasing demand.

With many parents and educators being concerned about the possibility of a drop in the quality of the education received by their kids when transitioning to a remote model, Kiddom has shown that its platform can improve outcomes for schools using it. Ahsan Rizvi, CEO and Founder at Kiddom, talked about the startup’s vision by stating:

“We believe that schools should never be forced to choose between curriculum quality and flexibility. At Kiddom, we’re on a mission to enable the classroom by pairing our current hub for high-quality curriculum, instruction and assessment, with lesson preparation and delivery for a full-service teacher tool. Kiddom’s rapid growth has been fueled by this mission and with this funding round, we’re looking forward to providing next-generation classrooms with the highest-quality curriculum and flexible technology to serve students more equitably.”

According to a report by Grand View Research, the digital education market was valued at $9.35 billion in 2020 and was expected to expand with a CAGR of 30.5% between 2021 and 2028, representing a huge potential for educational startups to reach a wider audience.