Series A · Edtech · Stockholm, Sweden · Founded 2015 · 100–120 employees
Magma Math is a K-12 digital math platform founded in Sweden in 2015, now operating internationally in markets including the US and UK. The company provides an AI-driven platform for K-12 classrooms, designed to support teachers in implementing math instruction and assessing student understanding. Stockholm-based edtech startup Magma Math has raised $10 million in a funding round from existing investor Five Elms Capital. The company raised $40 million in a Series A funding round led by Five Elms Capital, with participation from previous investors, to further expand its curriculum offerings, enhance AI capabilities, and scale operations internationally. Magma Math recently received support from the Gates Foundation to advance teacher-focused tools that recognize student thinking and provide actionable insights.