We got an exclusive look at the pitch deck that math education startup Innovamat used to raise $21 million in new funding
Innovamat is a Barcelona-based edtech startup that uses a new way of teaching math to K-8 students. Now, the team has raised $21 million in Series A funding and will expand into the US.
Innovamat's three cofounders, Andreu Dotti, Isaac Piedra, and Àlex Espinet Pérez-Muelas, all studied together at Universitat Politècnica de Catalunya in Barcelona, Spain. In 2015, Dotti and Piedra spent their free time working as engineering and math teachers at their university's neighboring academy, which helps first year students study and pass important qualifying exams.
They decided to ask some local teachers about their experience and found that they were eager for a more, so the two decided to develop one on the side, ,outside of their class work. Dotti and Piedra approached Pérez-Muelas in 2017 to come on as the CTO for their side project and build out any technical programming or software, and that curriculum became the basis for Innovamat.
Innovamat combines traditional classroom teaching methods, like group instruction, with virtual games on tablets, to help students learn how to solve different math problems based on real-world scenarios. The software also includes tests that teachers can use to assess students and track their learning development.
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