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Photomath Nabs $23M Series B Funding

2021-02-18
SAN FRANCISCO, CA, Photomath, the #1 math learning app with over 220 million downloads, has secured $23 million in Series B funding.
The round was led by Menlo Ventures, with participation from GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital. Photomath is free and simple to use and acts as a digital math tutor for students and parents struggling with math homework. By scanning a handwritten or printed math problem from a smartphone, Photomath uses computer vision and machine learning to recognize and instantly solve basic arithmetic to advanced calculus. And, Photomath provides step-by-step instructions to guide students to understand and master math concepts. The company recently surveyed over 2,000 parents and found 56% of parents cannot help their children with math homework resulting in parents downloading Photomath at 3x the amount every week since the pandemic started.

Photomath is the world's most used math learning app with over 220 million downloads worldwide. Photomath's mission is to transform learning by helping every student succeed in math, using the power of AI and a smartphone. Photomath instantly scans and solves math concepts, ranging from arithmetic to calculus, and explains how to solve math problems through step-by-step instructions and animated tutorials. Based in San Mateo the company is funded by Cherubic Ventures, Goodwater Capital, GSV Ventures, Menlo Ventures, and Learn Capital.
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