# Mathem funding: rounds and investors

> Mathem has raised $122M across 3 rounds since 2014. Investors include Kinnevik and Rite Ventures. Every round with its source.

Source: https://millionrounds.com/company/mathem (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Mathem*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Internet

Funding summary Updated 26 Oct 2026

**$122M** raised across 3 rounds since 2014, from 3 sources

**$25M** Round **$97M** Round

- **Latest round:** Round, $97M Feb 2019
- **Step-up i:** 3.9×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2016 2017 2018 2019

**?** Venture

**$25M** Round

**$97M** Round

- **First round:** Venture
- **Biggest round:** $97M
- **Usual gap between rounds:** 3.7 years

## The rounds

- **Feb 2019** Round **$97M** *1 new* [Kinnevik](https://millionrounds.com/fund/kinnevik) Reported by FinSMEs
- **Jun 2015** Round **$25M** No investor was named in the report. From a historical funding record
- **Dec 2014** Venture **Amount undisclosed** *1 new* [Rite Ventures](https://millionrounds.com/fund/rite-ventures) From a historical funding record

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2014 **Round** 2015 **Round** 2019 [Kinnevik](https://millionrounds.com/fund/kinnevik) [Rite Ventures](https://millionrounds.com/fund/rite-ventures)

## Everyone who backed them

[Kinnevik](https://millionrounds.com/fund/kinnevik) VC firm **1** round

[Rite Ventures](https://millionrounds.com/fund/rite-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mathem).

## Also claim to have backed them

These 3 firms list Mathem as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Oryx Fund](https://millionrounds.com/fund/oryx-fund) VC firm Per its own site

[Hambro Perks](https://millionrounds.com/fund/hambro-perks) VC firm Per its own site

[CNI](https://millionrounds.com/fund/cni) Venture studio Per its own site

## Quick answers about Mathem

### Who invested in Mathem?

Mathem's investors include Kinnevik and Rite Ventures.

### How much has Mathem raised?

Mathem has raised $122M across 3 rounds since 2014. One round did not disclose an amount, so the total is a floor.

### When did Mathem last raise?

Mathem's most recent round was an Undisclosed round of $97M in Feb 2019.

### What was Mathem's biggest round?

Its most recent round, $97M in Feb 2019, is also its largest on record.

### Who backed Mathem first?

Mathem's first round on record, in Dec 2014, was backed by Rite Ventures.

### What stage is Mathem at?

Mathem's latest named round is an Undisclosed round, in Feb 2019.

### Where is Mathem based?

Mathem is based in Sweden.

## Companies like Mathem

In the same sector, and raised in the last eighteen months.

[**Lovable** $1.4B · Aug 2026](https://millionrounds.com/company/lovable)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)

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