Magma Math secured $40 million in Series A funding led by Five Elms Capital to expand its K-12 math education platform across global markets.

Information on the Target

Magma Math is a prominent K-12 instructional platform designed to enhance teacher efficiency and improve classroom management in mathematics education. Established in 2015, the company has quickly positioned itself as a leader in the education sector, particularly in its home country of Sweden, where it supports a significant portion of the educational system. Since its expansion to the U.S. in 2021, Magma Math has successfully forged partnerships with districts across over 30 states.

The platform aims to transform how mathematics is taught and learned by making the subject more accessible, personalized, and engaging for students. It employs innovative technology to facilitate effective math pedagogy, enabling teachers to better cater to students' individual needs and enhance their learning experiences through ongoing assessments and targeted support.

Industry Overview in Sweden

The education technology market in Sweden is recognized for its progressive approach and adoption of digital solutions aimed at improving learning outcomes. With a strong emphasis on personalized education, the sector has experienced robust gro