# Photomath funding: rounds and investors

> Photomath has raised $29M across 2 rounds since 2018. Investors include Menlo Ventures, Goodwater Capital and Cherubic Ventures. Every round with its source.

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

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Photomath*

2 rounds we have observed, with the 6 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.

AI Edtech

Funding summary Updated 26 Oct 2026

**$29M** raised across 2 rounds since 2018, from 2 sources

**$6.0M** Round **$23M** Series B

- **Latest round:** Series B, $23M Feb 2021
- **Step-up i:** 3.8×
- **Investors:** 6

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.

2019 2020 2021

**$6.0M** Round

**$23M** Series B

- **First round:** Round, $6.0M
- **Biggest round:** $23M
- **Between rounds:** 2.3 years

## The rounds

- **Feb 2021** Series B **$23M** *5 new* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures) [Learn Capital](https://millionrounds.com/fund/learn-capital) [GSV Ventures](https://millionrounds.com/fund/gsv-ventures) Source recorded
- **Nov 2018** Round **$6.0M** *1 new* Goodwater Capital/ Learn Reported by TechCrunch

## 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.

**Round** 2018 **Series B** 2021 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Cherubic Ventures](https://millionrounds.com/fund/cherubic-ventures) [Learn Capital](https://millionrounds.com/fund/learn-capital) [GSV Ventures](https://millionrounds.com/fund/gsv-ventures) Goodwater Capital/ Learn

## Everyone who backed them

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

[Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) VC firm **1** round

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

[Learn Capital](https://millionrounds.com/fund/learn-capital) VC firm **1** round

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

Goodwater Capital/ Learn no record of our own yet **1** round

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

## Quick answers about Photomath

### Who invested in Photomath?

Photomath's investors include Menlo Ventures, Goodwater Capital, Cherubic Ventures, Learn Capital and GSV Ventures, and 1 more on record.

### How much has Photomath raised?

Photomath has raised $29M across 2 rounds since 2018.

### When did Photomath last raise?

Photomath's most recent round was a Series B of $23M in Feb 2021.

### What was Photomath's biggest round?

Its most recent round, $23M in Feb 2021, is also its largest on record.

### Who backed Photomath first?

Photomath's first round on record, in Nov 2018, was backed by Goodwater Capital/ Learn.

### What stage is Photomath at?

Photomath's latest named round is a Series B, in Feb 2021.

### Where is Photomath based?

Photomath is based in the United States.

## Companies like Photomath

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

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