Innovamat is a technology company.
Innovamat has raised $21.0M across 1 funding round.
Innovamat has raised $21.0M in total across 1 funding round.
Innovamat has raised $21.0M in total across 1 funding round.
Innovamat's investors include Altair Capital Management, Chaac Ventures, Reach Capital, Charles Huang, Helen Liang, Jaan Tallinn.
Innovamat is a Barcelona-based edtech company founded in 2017 that builds a research-based, competency-based mathematics curriculum for K-12 students (ages 3-14), primarily K-8.[1][2][3][4] It serves schools, teachers, and students worldwide by providing manipulative materials, teacher guides, digital platforms, gamified apps, and personalized practice tools that blend classroom instruction with technology to solve the problem of ineffective traditional math teaching, fostering deep conceptual understanding, problem-solving, critical thinking, and higher standardized test scores (11% improvement per company study).[1][2][4] With over 2,000 schools across Spain, Mexico, Chile, Italy, Ecuador, Colombia, and plans for US expansion, Innovamat has raised $21M in Series A funding, employs around 300 people, generates $63.4M in revenue, boasts an 81.76% gross margin, and reaches 330,000+ students and 15,000+ teachers.[1][2][3][4]
Innovamat was cofounded in 2017 by Andreu Dotti, Isaac Piedra, and Àlex Espinet Pérez-Muelas, who met as students at Universitat Politècnica de Catalunya in Barcelona.[2] The idea emerged in 2015 when Dotti and Piedra tutored engineering and math at a nearby academy, identifying gaps in traditional math education; they aimed to create a more effective, research-backed approach combining manipulatives, dynamic lessons, and digital tools.[1][2][4] Starting with first-graders in 13 Spanish schools, it quickly expanded to K-8 materials, driven by feedback from over 40 teachers and PhD-level math researchers drawing from top universities and OECD PISA data; pivotal traction came from proven efficacy (e.g., 11% test score gains), leading to $21M Series A from Reach Capital in 2023 for global growth.[2][4]
Innovamat rides the global edtech boom in personalized, digital learning, accelerated by post-pandemic online education shifts and demand for STEM skills amid PISA math proficiency gaps (e.g., traditional methods failing many students).[1][4][5] Timing aligns with rising investments in competency-based curricula, as schools seek evidence-based tools amid teacher shortages and achievement disparities; its digital model benefits from low trade barriers and scalability in emerging markets like Latin America.[1][2] By influencing ecosystems through partnerships (e.g., Reach Capital), expansions (US, Europe), and data-driven outcomes, Innovamat narrows math gaps, supports 21st-century skills, and exemplifies edtech's pivot to hybrid, research-proven solutions in a $63.4M revenue-generating firm.[1][3][4]
Innovamat is poised for US and North European/Anglo-Saxon expansion post-$21M raise, leveraging efficacy data and international traction to capture edtech's growing math segment amid AI-driven personalization trends.[2][4] Rising global focus on STEM equity and adaptive learning will fuel growth, potentially improving profit margins via scale; expect deeper platform integrations and more rigorous studies to solidify leadership. As a stable, high-margin player in digital education, Innovamat exemplifies how targeted edtech innovations transform K-12 math from rote to thoughtful mastery.[1][2]
Innovamat has raised $21.0M across 1 funding round. Most recently, it raised $21.0M Series A in March 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2023 | $21.0M Series A | Altair Capital Management, Chaac Ventures, Reach Capital, Charles Huang, Helen Liang, Jaan Tallinn |