Overview and Mission
Innovamat is an educational technology company aimed at revolutionizing mathematics education. Founded in 2017 in Barcelona, Spain, its mission is to transform the traditional teaching framework by fostering an environment of understanding and enthusiasm for both students and teachers. Innovamat challenges rote memorization by implementing research-driven curriculum innovations and cutting-edge teaching techniques to elevate classroom engagement.
Funding and Expansion
In 2023, Innovamat secured $21 million in Series A funding, led by Reach Capital, joined by Kibo Ventures, Bonsai Partners, Axon Partners, 10x, and Dozen Investments. This round of investment will be strategically used to enhance Innovamat's market presence and operational capacity particularly in Latin America and the United States, with a specific focus on initiating pilot K-5 educational initiatives in New Jersey.
Products and Services
Innovamat delivers a robust mathematics curriculum catering to students from kindergarten to middle school, grounded in competency-based education centered around problem-solving. The curriculum complies with international standards set by the National Council of Teachers of Mathematics (NCTM) and the OECD's PISA framework. Efforts are underway to extend this cutting-edge curriculum up to age 18 through a new research center that will drive further educational innovations.
Team and Expertise
The company consists of a multidisciplinary team of more than 320 professionals, including 11 PhDs specializing in mathematics education. Notable contributors include Laura Morera Ubeda, Cecilia Calvo, and Albert Vilalta Riera, who are pivotal in curriculum development and implementation, supported by a diverse faculty of educators and mathematicians.
Impact and Recognition
Innovamat has made substantial progress since its inception, aiding over 15,000 teachers across 9 countries. Their educational programs span over 2,000 schools, positively impacting around 350,000 students. Educational experts like Dr. Hollyce Schoepp from Vernon Township School District commend Innovamat for advancing teaching efficacy and student outcomes, evidenced by an 11% improvement in standardized test scores. Innovamat's efforts in crafting engaging educational experiences underscore its prominence in the edtech sector, tackling global educational challenges efficiently.
Competitors
1. Gestlabor
- Industry: E-learning
- Location: Jerez de la Frontera
- Employee Count: 96
- Employee Growth: 200%
- Capabilities: Specializes in content development and management for continuous and private training sectors.
2. Dicampus
- Industry: Education
- Location: Gijón, Asturias
- Employee Count: 51-200
- Capabilities: Provides both online and in-person services focused on lifelong learning and professional development for current professionals and job seekers.
3. Grupo IOE
- Industry: Educational Services
- Employee Count: 205
- Capabilities: Focuses on online professional courses for corporates and individuals, covering a range of fields like administration, finance, and human resources.
4. Founderz
- Industry: E-learning and Technology
- Employee Count: 2-10
- Capabilities: Offers online platforms teaching high-demand skills such as AI and innovation tailored to entrepreneurs and tech companies.
5. Universidad Europea
- Industry: Higher Education
- Locations: Spain - Madrid, Valencia, Canary Islands, and Málaga
- Revenue: Ranging from $100M to $1B
- Capabilities: Provides a wide array of programs including undergraduate, graduate, and distance learning options, with a notable employability rate of 93.5% within 18 months post-graduation.
Innovamat's Competitive Edge
Innovamat's competitive advantage stems from its modern educational approach emphasizing meaningful classroom interactions empowered by data-driven insights and technology. Their comprehensive Classroom Manager enriches the learning process and provides professional development and expert assistance to educators, enhancing both teacher and student engagement. Innovamat gains an edge by creating an interactive, gamified environment helmed by their expertise in fostering critical thinking skills, aligning perfectly with the educational trends steering away from traditional learning towards a more dynamic and skill-oriented pedagogy.
