We advised 99math, an Estonian-based startup, on raising USD 2.1 million in order to boost its edtech math gaming platform aimed at making math fun.
Expanding to the U.S.
After debuting as a beta tool in 2019, 99math grew into a gaming platform for one million kids, or three times the number it had last year. The new funds will help the company reach the U.S. and other markets with more social gameplay. “We have an extremely excited fan base, but we are still small in the United States,” said Tõnis Kusmin, CEO of 99math. “We have a tiny fraction of the 40 million kids. So we are taking the product to more users. And we are improving the classroom experience. We’re already quite good there. And the third mission is building out the full home game.”
Play Ventures led the round, with participation from existing shareholders Flyer One Ventures and Change Ventures.
Educational games for kids
99math has a multiplayer math game that teachers use in classrooms around the world. Together, students in 99math have solved over 600 million math problems or three million per day within the last three years. It turns out one of the tricks to getting children into math is to get them to compete with each other in the classroom.
Our services and client team
We advised 99math on all matters related to raising capital.
Our client team was led by counsel Lauri Liivat, supported by partner Toomas Prangli and associates Vladislav Leiri and Kristi Tammiku.
Previously we have also advised 99math on raising USD 1 million to boost its edtech gaming platform – more information.
More information about the current round – Venturebeat.