Osborne Clarke Sweden has advised Five Elms Capital on its $40 million Series A investment in Magma Math, a leading K-12 instructional math platform.
The funding round saw participation from previous investors, team members, and industry experts. The investment will be used to enhance Magma Math’s platform for students, teachers, and district partners in the US, UK, and Sweden, focusing on expanding curriculum offerings, enhancing user experience with AI capabilities, and scaling operations.
Magma Math, established in 2015, has become an industry leader in its home market of Sweden and has expanded to the US, forming district partnerships in over 30 states since 2021. The platform is known for revolutionising math education by making it more accessible, personalised, and engaging.
The Osborne Clarke team that advised on the deal was led by corporate partner Mikael Nelson, who commented:
"We are delighted to have supported Five Elms Capital on this significant investment, which will help Magma Math continue to innovate and expand its impact in the education sector."
The Osborne Clarke Sweden comprised partner Mikael Nelson, senior associate Oscar Widen Einarsson, senior associate Beatrice Suomela, associate Natalin Kabro, associate Magdalena Jener and partner Rafal Kozlowski (OC Poland).
For more information about the transaction, please visit https://www.prnewswire.com/news-releases/magma-math-secures-40-million-in-series-a-funding-from-five-elms-capital-302310976.html
About Osborne Clarke: Osborne Clarke has a market-leading international venture capital practice for companies operating in tech-enabled industries. The team has an outstanding track record advising global investors, venture capital funds, fast-growth companies and market challengers that are driving innovation, advising at every stage of company development across all corporate areas, from equity and debt fundraising to private M&A and IPOs.
About Five Elms Capital: Five Elms is a leading growth investor in world-class software businesses that users love. They provide capital and resources to help companies accelerate growth and further cement their role as industry leaders. With over $3 billion in assets under management and a global team of 70+ investment professionals, Five Elms has invested in more than 70 software platforms globally.
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