Mathflat Asset Profile

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Year established

2017

Location

Seoul South Korea

Primary Industry

Education/Training

About

Based in Seoul, South Korea, and founded in 2017, Freewillin Co., Ltd., doing business as Mathflat operates a math education website that provides math e-workbooks. In July 2023, Freewheelin raised KRW 7 billion in series B funding led by Smilegate Investment, with participation from KB Securities, Seoul Investment Partners, and Woori Venture Partners. The company offers math question banks containing about 500,000 questions and the recent 16 years of past exam questions for the Korean college entrance exam. The company's revenue is generated by subscription fees from schools and other types of education institutes. As of 2021, the company has secured a total of 2,500 clients with a 97% of repurchase rate. The company plans to use the July 2023 funding to improve its platform's services and to recruit more talent.

Current Investors

Primer, Altos Ventures, DSC Investment

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Primary Industry

Education/Training

Sub Industries

Education & Training Website, Web Applications

Website

www.mathflat.com

Verticals

EdTech, Mobile Apps

Company Stage

Series B

Total Amount Raised

Subscriber access only

Employee Data

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