Magma Math
Stockholm area, Sweden · est. 2013 · website ↗
Registered as Radish AB
Magma (Matteappen in Sweden) is a startup that has quickly grown to become the leading platform for data-driven math education. By leveraging handwritten solutions in a digital format, Magma allows teachers to place emphasis on creativity in math, while gaining key insights on student progression. This creates a more engaging, inclusive and pedagogical math class for all students. Math remains the largest challenge for schools, where one in five students in year 8 are low performers.
Filed financials
Filed with a public registryFiled with Bolagsverket. The legal entity, not the group.
| Fiscal year | Revenue | Result | Employees | Cash | Equity | Total assets | Flags |
|---|---|---|---|---|---|---|---|
| FY2025 | 52 MSEK | -155 MSEK | 38 | 80 MSEK | -155 MSEK | 200 MSEK | None |
| FY2024 | 31 MSEK | -21 MSEK | 32 | 141 MSEK | -209 MSEK | 242 MSEK | None |
| FY2023 | 20 MSEK | - | - | - | - | 66 MSEK | None |
| FY2022 | 13 MSEK | - | - | - | - | 76 MSEK | None |
Open roles right now (1)
Open when I last checked, via their Teamtailor careers site.
- Data Scientistposted
Other roles right now (2)
Titles that do not read as software.
- Account Executive (Sweden)posted
- Accountant, Europeposted
Stack, from their job ads
From Magma Math’s own job ads, so only the part it is hiring for.
From their own job postings
Their own words, from a live posting ("Data Scientist").
Languages: Python, SQL, JavaScript/TypeScript AI & LLMs: multiple LLM providers, Langfuse for evaluation and observability Infrastructure: AWS AI development: Claude Code, Cursor and other AI-native development tools Our stack evolves quickly and we care more about using the right tools and shipping great systems than any specific framework. What we offer Play a key role in an exciting journey. We are a young company with ambitious targets and meaningful goals Fantastic colleagues in a fun environment with great opportunities to learn develop your skills
A call with the Hiring Manager. 1st interview with Hiring Manager and People team member. 2nd interview with Hiring Manager and Magma team member. 3rd interview with CPO and Magma team member. #LI-MAGMA
Registered business activity (SNI)
Filed with a public registryStandard industry classification codes as filed with Bolagsverket.
Everything I could know about Magma Math
A blank is a gap in my coverage.
Company health
Filed with a public registry- SurvivalRunway ~6 moLoss-making in its latest filed accounts (FY2025). cash 80 MSEK, loss 155 MSEK over the year (13 MSEK/month), revenue 52 MSEK, revenue growth 67%. Cash divided by that burn is ~6 months of runway. Filed facts, but the burn is the accounting result rather than true cash flow, and a funding round raised since the filing date does not show here yet.
- Age13 years oldFounded 2013, 13 years ago.
- CapitalSeries ASelf-reported to the startup directory.
- Distress flagsNo data for this company yet
- GrowthGrowing, +6 (+19%)Average employees filed with Bolagsverket went from 32 in 2024 to 38 in 2025, a change of +6 people (+19%). This is a fiscal-year average from filed accounts, so it lags: it says whether the company has been adding people, not whether a role is open today. Filed revenue FY2022 12,637 KSEK to FY2025 51,847 KSEK, across 4 filed years.
What you'd build and work with
Read from their job ads- Building (problem type)Data/MLData/ML (1): 1 posting classified from title/description keywords, not ML.
- StackAWS1Claude1JavaScript1LLM1Python1SQL1TypeScript1AWS (1), Claude (1), JavaScript (1), LLM (1), Python (1), SQL (1), TypeScript (1), counted over the postings whose text I hold.
- Role shapeNo data for this company yet
- SectorEducationMapped from the industry tags this company reported to the startup directory (education). Self-reported, so it is the company's own claim about its market.
- Engineering reputationRead from what they publishNo data for this company yetCompany websites plus the public GitHub API. Broader discovery via GitHub search would need an API token.
Hiring practicalities
Read from their job ads- Open roles3 open3 roles, sourced from the company's own Teamtailor board.
- Working languageEnglish + SwedishRead from the words in this company's own live job ads, which is the company stating how it hires rather than me inferring it. Detected across this company's live postings.
Fit and mission
Worked out from facts I hold- Fit (chaos or structure)Balancedfounded 2013 (13 years ago), ~126 employees, Series A stage. Age, size and stage combine into the read.
Companies like this one
Worked out from facts I holdEach shows why. Not a recommendation.
- Also Education · Shares JavaScript, Python, TypeScript and 1 more · Similar size (50 to 200) · Same age (over 10 years)
- Also Education · Also building data/ml · Shares Claude, LLM · Same age (over 10 years)
- Also building data/ml · Shares Python, SQL, MongoDB and 4 more · Similar size (50 to 200) · Same age (over 10 years)
- Also building data/ml · Shares Python, SQL, AWS and 1 more · Similar size (50 to 200) · Same age (over 10 years)
- Also building data/ml · Shares Claude, LLM, AWS and 4 more · Similar size (50 to 200) · Same age (over 10 years)
- Also Education · Shares Python, AWS, LLM and 2 more · Same age (over 10 years)
Work here?
Nobody has answered yet. Same questions for every company.
Answer for this companyOn the map
Stora Nygatan 27, 111 27 Stockholm
Address as filed with Bolagsverket.
Drawn by OpenStreetMap, so it only loads when you ask for it.
Wrong about Magma Math?
The address, the headcount, the logo, a role that closed. Tell me which and I will fix it.