99math recently announced the company raised $1 million in funding. The education-technology firm, which aims to make math fun, will use this money to develop a mobile game.
Genesis Investment led this funding round. Other participants included Change Ventures and angel investors from companies like Bolt, Transferwise, and Pipedrive.
“For some kids, it’s the hardest and the most boring subject,” Tõnis Kusmin, the CEO of 99math, told VentureBeat. “But games are designed for the player and when designed well, they can keep us incredibly engaged. In education, gamification has been around for a while. But I don’t think many of the edtech gamified solutions are actually very engaging.”
99math is a three-year-old company that is based in Estonia. The organization reports over 300,000 users to date.
The Profit‘s Take:
Using games as educational tools is very powerful. Human beings learn through play. We will see a lot more of this in the next decade.
(All information was provided by VentureBeat)