Tech Company Financing Transactions
Innovamat Funding Round
Reach Capital, 10x Group and Axon Partners Group participated in a $21 million Series A funding round for Innovamat. This venture round was announced on 4/17/2023.
Transaction Overview
Company Name
Announced On
4/17/2023
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors
Proceeds Purpose
Innovamat will be using the funding to expand its business. It has been around since 2017, operating initially in Spain before expanding to Italy and several countries in Latin America (Mexico, Colombia, Chile, Ecuador, Brazil and Peru). That business has seen some encouraging traction, with 15,000+ teachers from 2,000 schools using its tools to teach math to 350,000 students.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
Avinguda de la Generalitat, 216, 4th 3rd Sant Cugat del Vall
Barcelona, 08174
ES
Barcelona, 08174
ES
Phone
Website
Email Address
Overview
The Prek-8 competency-based math curriculum that kids and teachers love. The days of rote memorization are over, we go far beyond that! Conceptual understanding through discussion and manipulation is built while developing 21st-century skills. Rich activities in a coherent sequence that save time on non-pedagogical tasks. In the Classroom Manager, you'll find everything you need to conduct meaningful math sessions. The teacher's role is changed: from lecturing to facilitating. Students productively practice in a gamified App, that adapts to their own pace. Progress reports are created to drive data-driven instruction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Andreu Boada
Chief Financial Officer
Joan Soler
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