Magma Math, an AI-based instructional platform transforming K–12 mathematics education, announced the close of an additional $10 million funding round from existing investor Five Elms Capital. The funding will accelerate Magma Math’s expansion into new international markets and fuel continued innovation in artificial intelligence for education.
Launched in Sweden in 2015, Magma Math has grown into a global company with offices in the United States, the United Kingdom, and its home country. The platform combines research-backed math pedagogy with intelligent technology that enables teachers to better understand and support student learning in real time. Magma Math’s tools make student thinking visible, allowing educators to guide mathematical discussions and deepen comprehension across diverse classrooms.
The company reports that classrooms using Magma Math have seen up to a 400% improvement in math outcomes compared to those without the platform. With the new funding, Magma Math plans to expand its team, enhance its AI capabilities, and deliver next-generation math learning experiences to schools across the globe.
The company’s AI-based approach is designed to empower—not replace—teachers. By integrating seamlessly with classroom technology, Magma Math helps educators conduct formative assessments, stimulate mathematical discourse, and personalize learning experiences for each student.
In addition to private investment, Magma Math also recently received support from the Gates Foundation to further develop teacher-focused AI tools that can recognize student thinking and offer actionable insights. This initiative underscores the company’s focus on using AI to amplify teacher impact while keeping human connection at the center of learning.
Magma Math continues to differentiate itself as a leader in the emerging field of AI-driven education technology. Its platform supports formative assessment, real-time visibility into student reasoning, and adaptive instruction, giving teachers the resources they need to foster deeper mathematical understanding and long-term academic success.
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“Our vision is clear: AI is the engine powering the future of math learning. This funding allows us to double down on innovation, support teachers with smarter tools, and continue building a thriving, mission-driven company at the forefront of EdTech.”
Henrik Appert, Chief Executive Officer and Co-founder, Magma Math
“Magma Math has demonstrated exceptional product-market fit in addressing one of education’s most pressing challenges: raising math proficiency at scale through AI-driven instruction. We’re excited to partner with Henrik and the team as they work to improve mathematics achievement across the US, UK, Sweden, Germany and beyond.”
Joe Onofrio, Partner, Five Elms Capital
