About Mathpresso
Mathpresso is a company based in Seoul (South Korea) founded in 2015 by Hojae Jeong, Jongheun Ray Lee, and Wonguk Jung.. Mathpresso has raised $147.8 million across 7 funding rounds from investors including Google, KT and Korean Development Bank. Mathpresso operates in a competitive market with competitors including Sizzle, Desmos, Photomath, Qanda and Clevai, among others.
- Headquarter Seoul, South Korea
- Founders Hojae Jeong, Jongheun Ray Lee, Wonguk Jung
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Sectors
TechnologyEducation
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$5.89 M (USD)1390as on Dec 31, 2022
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Net Profit
$-30.15 M (USD)-117as on Dec 31, 2022
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EBITDA
$-30.15 M (USD)-117as on Dec 31, 2022
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Total Equity Funding
$147.8 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Google
& 17 more
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Employee Count
Employee Count
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Funding Insights of Mathpresso
Mathpresso has successfully raised a total of $147.8M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(12 Jun 2018)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series C - Mathpresso | Valuation |
investors |
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| Sep, 2023 | Amount | Series C - Mathpresso | Valuation | KT | |
| Dec, 2022 | Amount | Series C - Mathpresso | Valuation | YBM , Signite Partners |
| 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 |
Investors in Mathpresso
Mathpresso has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, KT and Korean Development Bank. 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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location | |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital arm of SoftBank Group
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mathpresso
| 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 - Mathpresso
| 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 |
Mathpresso Comparisons
Competitors of Mathpresso
Mathpresso 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 Clevai, 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 |
Math learning solutions are delivered via an AI-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Mathpresso
Frequently Asked Questions about Mathpresso
When was Mathpresso founded?
Mathpresso was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Mathpresso located?
Mathpresso is headquartered in Seoul, South Korea.
Who is the current CEO of Mathpresso?
Jongheun Ray Lee is the current CEO of Mathpresso. They have also founded this company.
Is Mathpresso a funded company?
Mathpresso is a funded company, having raised a total of $147.8M across 7 funding rounds to date. The company's 1st funding round was a Series C of $70M, raised on Jun 12, 2018.
What is the annual revenue of Mathpresso?
Annual revenue of Mathpresso is $5.89M as on Dec 31, 2022.
What does Mathpresso do?
Mathpresso was founded in 2015 in Seoul, South Korea, as a developer of an AI-driven platform in the education technology sector. Adaptive tools are offered to support students across academic subjects, enabling personalized learning experiences. Resources are created to improve comprehension and performance, with operations focused on content accessibility and technological integration for global users.
Who are the top competitors of Mathpresso?
Who are Mathpresso's investors?
Mathpresso has 18 investors. Key investors include Google, KT, Korean Development Bank, YBM, and Mirae Asset Venture Investments.
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