Reach Capital led a $21m Series A round in Innovamat.

Reach Capital, a venture capital company, led a $21m Series A round in Innovamat, an edtech company, with participation from Kibo Ventures, Bonsai Partners, Axon Partners, 10x and Dozen Investments. “There has been a global problem with mathematics education for decades. It often follows a transmissive model that focuses on rote memorization, which is ineffective and generates anxiety for many students. Mathematics is a deductive science and requires a different approach. Innovamat offers a quality solution, adapted to the needs of the 21st century and based on research, offering training and support to teachers while at the same time engaging the interest of students,” Esteban Sosnik, Reach Capital General Partner.