Magrid Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 7

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $728K

  • Investors
  • 7

Magrid General Information

Description

Developer of an e-learning platform designed to provide language-free math for students. The company's platform provides focused training activities to develop cognitive skills that improve the math performance of students, enabling students to be engaged in their learning, track progress, and identify gaps.

Contact Information

Website
www.magrid.education
Formerly Known As
LetzMath S.à r.l.-s
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 6a, Avenue des Hauts-Fourneaux
  • Esch-sur-Alzette, 4362
  • Luxembourg
+352 661
Primary Industry
Educational and Training Services (B2C)
Other Industries
Educational Software
Vertical(s)
SaaS, EdTech, Mobile
Corporate Office
  • 6a, Avenue des Hauts-Fourneaux
  • Esch-sur-Alzette, 4362
  • Luxembourg
+352 661

Magrid Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Magrid Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 24-May-2024 $728K Completed Generating Revenue
5. Accelerator/Incubator 15-May-2023 Completed Generating Revenue
4. Accelerator/Incubator 16-Sep-2022 Completed Generating Revenue
3. Accelerator/Incubator 15-Oct-2020 Completed Generating Revenue
2. Accelerator/Incubator Completed Startup
1. University Spin-Out 01-Aug-2017 Completed Startup
To view Magrid’s complete valuation and funding history, request access »

Magrid Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Ordinary
Ordinary
To view Magrid’s complete cap table history, request access »

Magrid Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Magrid Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Quadrian VC Venture Capital Minority
EASME - EU Executive Agency for SMEs Corporation
European Innovation Council Accelerator/Incubator
MIT Solve Accelerator/Incubator
Fit 4 Start Accelerator/Incubator
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Magrid FAQs

  • When was Magrid founded?

    Magrid was founded in 2017.

  • Where is Magrid headquartered?

    Magrid is headquartered in Esch-sur-Alzette, Luxembourg.

  • What is the size of Magrid?

    Magrid has 7 total employees.

  • What industry is Magrid in?

    Magrid’s primary industry is Educational and Training Services (B2C).

  • Is Magrid a private or public company?

    Magrid is a Private company.

  • What is the current valuation of Magrid?

    The current valuation of Magrid is .

  • What is Magrid’s current revenue?

    The current revenue for Magrid is .

  • How much funding has Magrid raised over time?

    Magrid has raised $861K.

  • Who are Magrid’s investors?

    Quadrian VC, EASME - EU Executive Agency for SMEs, European Innovation Council, MIT Solve, and Fit 4 Start are 5 of 7 investors who have invested in Magrid.

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