# Photomath

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.photomath.net/
- Total disclosed funding: $29M
- Latest round: Series B (Dec 9, 2020)
- Investors on record: 5

## About

Based in the US, Photomath, LLC is a technology company that provides an innovative math assistance application, empowering learners with step-by-step problem-solving capabilities across a variety of mathematical disciplines.Photomath, LLC is a mathematics technology firm founded in 2014, located in Mountain View, US. The company was co-founded by Damir Sabol and Sasa Skevin. Photomath operates independently without subsidiaries or a parent company. Its focus remains on providing educational solutions through its app. The company raised USD 23.00 mn in Series B funding on December 9, 2020, led by Menlo Ventures, with participation from other notable investors including Cherubic Ventures, GSV Ventures, and Learn Capital. Photomath has completed four deals to date and boasts a current valuation of USD 232.63 mn.Photomath offers a comprehensive math assistance application designed for users from elementary school to college. The app enables users to solve math problems by scanning them with a smartphone camera or entering them manually, providing solutions along with detailed explanations, visual aids, and additional learning tips. The platform serves millions of users worldwide, particularly in North America and Europe, where the demand for educational technology is high.Photomath generates revenue through a subscription-based model, offering a basic free version and premium features via monthly and annual subscriptions priced at USD 9.99 and USD 69.99, respectively. The app's direct-to-consumer approach allows users to access advanced problem-solving tools and personalized learning resources, contributing to its revenue structure based on individual subscriptions.Following its most recent funding round in February 2021, where Photomath raised USD 23.00 mn in Series B funding, the company plans to enhance its AI and machine learning capabilities. The funds will also be allocated to scaling product and marketing development. There are no specific upcoming product launches mentioned, but the company aims to strengthen its market presence in existing regions while exploring potential expansion into new geographic areas.

## Funding rounds

- Series B, Dec 9, 2020, $23M — Menlo Ventures, Learn Capital, Cherubic Ventures, Goodwater Capital, GSV Ventures
- Series A, Mar 1, 2020 — GSV Ventures
- Series A, Nov 6, 2018, $6M — Learn Capital, Goodwater Capital
- Seed, Apr 1, 2016 — Learn Capital, Cherubic Ventures

## Investors

- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Seed, Series A, Series B
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed, Series B
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Series A, Series B
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Series A, Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B