Tech Company Financing Transactions
Magma Math Funding Round
On 11/20/2024, Magma Math raised $40 million in Series A funding from Five Elms Capital and private investors.
Transaction Overview
Company Name
Announced On
11/20/2024
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series A
Investors
Five Elms Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to support research-based math pedagogy by expanding curriculum offerings, enhance user experience with AI capabilities, and scale its operations.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
900 3rd Ave 29th floor
New York, NY 10022
USA
New York, NY 10022
USA
Phone
Undisclosed
Website
Email Address
Overview
We are a global team of educators, tech innovators, life-long learners, and self-proclaimed math mavericks. We believe in mathematics as a creative subject that serves as both a window and a mirror for students across the world. To enable educators to create dynamic, student-centered classrooms where all students are challenged and supported appropriately.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Henrik Appert
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