Founded in Sweden in 2015, Magma Math combines research-backed pedagogy with intelligent technology to support K-12 mathematics instruction. The cloud-based platform makes student reasoning visible, enabling teachers to run formative assessments, guide class discussions, and personalize learning. Magma Math claims that classrooms using its product have achieved up to a 400% improvement in math outcomes versus non-users. Now operating from offices in Sweden, the United States, and the United Kingdom, the company is positioning itself as a global leader in AI-driven education technology. Recent backing from the Gates Foundation is helping Magma Math build teacher-focused AI tools that recognize student thinking and surface actionable insights. With fresh capital, the team plans to expand headcount, enter additional international markets, and deepen its AI capabilities while keeping teachers at the center of learning.

Total raised

$50M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2025