# Magma Math

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magma-math

- Industry: Software
- Headquarters: New York, US
- Website: www.magmamath.com
- Total disclosed funding: $40M
- Latest round: Series A (Nov 20, 2024)
- Investors on record: 1

## About

Based in New York, US, and founded in 2015 by co-founder and CEO Henrik Appert, Radish Education, Inc., d.b.a. Magma Math operates as an educational technology company that focuses on providing a digital platform for teaching and learning mathematics and science. In October 2025, Magma Math raised USD 10 million in venture funding from returning investor Five Elms Capital.

Magma Math offers a K-12 math platform designed to enhance student learning by aiding educators in making informed instructional decisions. The platform features a library of over 15,000 math problems, categorized by difficulty, enabling teachers to create tailored assignments. It also includes formative assessment tools such as entry and exit tickets, helping educators identify individual and class-level learning gaps. The services support 140 languages, ensuring accessibility for a diverse student population across K-12 schools in North America, Europe, and parts of Asia.

Magma Math's revenue model is based on subscriptions and partnerships with educational institutions. Schools can subscribe to access the platform's resources, which offer insights into student performance. The transaction structure includes direct sales to schools, with fees based on user numbers or features selected.

The company plans to utilize the October 2025 funding to grow its AI advancements, increase its workforce, and deliver advanced learning experiences to additional schools around the world.

## Funding rounds

- Series A, Nov 20, 2024, $40M — Five Elms Capital

## Investors

- Five Elms Capital (https://capitalatlas.ai/funds/five-elms-capital) — Series A