Quizlet’s chief executive officer Matthew Glotzbach said that the new funding values the business at $1 billion, up five times from its last funding round in 2018.
The fresh funding comes off the heels of unprecedented usage for Quizlet, which connects students to virtual flashcards and study guides.
Once a user makes a guide, they can share a unique link with friends and collaborate ahead of a test.
Students ask over 1 billion questions on Quizlet each week and more than 400 million virtual study guides have been created.
But while it has humble roots, this new round was closed in the heat of a global pandemic.

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