Quizlet Raises Series C Funding from General Atlantic
Global AI-powered study platform closes $30 million funding round led by General Atlantic to help people learn more effectively
Quizlet, the global learning platform known for its engaging AI-powered study tools, announced a Series C funding round of $30 million, led by General Atlantic, a leading global growth equity firm. The capital will help fuel Quizlet’s continued product innovation with an emphasis on data science and machine learning capabilities, as well as aiding strategic expansion opportunities that align with Quizlet’s mission to help people practice and master whatever they want to learn.
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Quizlet, which allows learners to create, share and consume high-quality user-generated content, caters to a diverse userbase across geographies and stages of education. Quizlet continues to scale, with more than 50 million active users a month and over a billion questions answered on the platform each week, and with two-thirds of high school students and half of all college-aged students in the United States on the platform. Students and teachers can access over 400 million user-generated study sets, or create their own, to study across activities ranging from flashcards and practice questions to interactive diagrams and games.
Quizlet’s AI-powered platform is able to personalize and adapt study sessions for each user, helping students focus on what they need to learn. Of note:
- Quizlet’s most popular study activity, Quizlet Learn, leverages AI to create an adaptive study plan that adjusts to the users’ learning needs and can be scheduled to help them reach mastery by a specific date, such as a test or final.
- Quizlet’s Smarter Grading & Feedback system can understand a student’s answer beyond a word-for-word match, determine what is correct and what needs further understanding, and then guide the student’s studying.
“Imagine if every person had access to an AI-powered tutor to help them confidently study anything they wanted to learn. The team at Quizlet wakes up every day excited to make students’ lives better by creating innovative tools that move our users towards mastery more quickly and more effectively,” said Matthew Glotzbach, CEO of Quizlet. “General Atlantic recognizes the value of technology’s impact on learning, and we welcome them as a long-term partner and strategic advisor as we pursue our next phase of growth.”
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