# Mathflat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mathflat

- Industry: Education/Training
- Headquarters: Seoul, South Korea
- Website: www.mathflat.com
- Total disclosed funding: $9.9M
- Latest round: Series B (Jul 4, 2023)
- Investors on record: 7

## About

Based in Seoul, South Korea, and founded in 2017, Freewillin Co., Ltd., doing business as Mathflat operates a math education website that provides math e-workbooks. In July 2023, Freewheelin raised KRW 7 billion in series B funding led by Smilegate Investment, with participation from KB Securities, Seoul Investment Partners, and Woori Venture Partners. 

The company offers math question banks containing about 500,000 questions and the recent 16 years of past exam questions for the Korean college entrance exam.

The company's revenue is generated by subscription fees from schools and other types of education institutes. As of 2021, the company has secured a total of 2,500 clients with a 97% of repurchase rate.

The company plans to use the July 2023 funding to improve its platform's services and to recruit more talent.

## Funding rounds

- Series B, Jul 4, 2023, $5.4M — Altos Ventures, WOORI Venture Partners, Seoul Investment Partners, Smilegate Investment, KB Securities
- Series A, Feb 22, 2021, $4.5M — Altos Ventures, DSC Investment
- Seed, Mar 31, 2017 — Primer

## Investors

- Primer (https://capitalatlas.ai/funds/primer) — Seed
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A, Series B
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series B
- Seoul Investment Partners (https://capitalatlas.ai/funds/seoul-investment-partners) — Series B
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B