About Math 42
Math 42 is a company based in Berlin (Germany) founded in 2013 was acquired by Chegg in October 2017.. Math 42 has raised $442 thousand across 2 funding rounds from investors including Chegg and Klett Gruppe. Math 42 operates in a competitive market with competitors including Sizzle, Desmos, Photomath, Qanda and Mathpresso, among others.
- Headquarter Berlin, Germany
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Sectors
Education
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Phone
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Website
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Social
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Funding Insights of Math 42
Math 42 has successfully raised a total of $442K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $442 thousand completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $442,000
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2016 | Amount | Seed - Math 42 | Valuation |
investors |
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| Dec, 2015 | Amount | Seed - Math 42 | Valuation | Klett Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Math 42
Math 42 has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Chegg and Klett Gruppe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Rental books and homework help are provided to university students.
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A leading educational company in Europe focused on learning solutions.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Math 42
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Math 42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Math 42 Comparisons
Competitors of Math 42
Math 42 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sizzle, Desmos, Photomath, Qanda and Mathpresso, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered solutions for STEM homework problems are provided by Sizzle.
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| domain | founded_year | HQ Location |
Free online graphing calculator for math exploration is provided.
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| domain | founded_year | HQ Location |
Math problems are solved via mobile camera on educational platform.
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| domain | founded_year | HQ Location |
AI and app-based maths learning platform provider for students
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| domain | founded_year | HQ Location |
AI-powered learning platform developed to provide educational content access.
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| domain | founded_year | HQ Location |
Math learning solutions are delivered via an AI-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Math 42
When was Math 42 founded?
Math 42 was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Math 42 located?
Math 42 is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Math 42 a funded company?
Math 42 is a funded company, having raised a total of $442K across 2 funding rounds to date.
What does Math 42 do?
Math 42 was founded in 2013 in Berlin, Germany, operating in the educational technology sector. A mobile platform is provided for students seeking assistance with math homework, featuring AI-driven step-by-step solutions, training modules, and test modes on specific topics. Exercises and solutions can be shared via Facebook or email. The service follows a freemium model and functions offline without internet access.
Who are the top competitors of Math 42?
Math 42's top competitors include Mathpresso, Desmos and Sizzle.
Who are Math 42's investors?
Math 42 has 2 investors. Key investors include Chegg, and Klett Gruppe.
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