Catalan edtech startup Mathew has successfully raised €1.2 million in a seed funding round, supported by returning investor Encomenda and new partner Decelera. This funding aims to boost the company’s international growth, particularly in Mexico and Latin America. According to CEO Alan Fusté, the investment is a testament to the company’s rapid growth since its inception in 2023, with revenues having tripled in its second year and expectations of a similar increase by 2026. Leaders from Decelera and Encomenda emphasized the crucial role of AI in transforming educational and assessment systems, which was a key factor in their decision to invest. Based in Sant Cugat del Vallès, the company has already established a partnership with Ceneval, the leading standardized testing organization in Latin America, and collaborates with over 100 institutions in Spain. Mathew’s AI platform aims to enhance assessment processes, academic management, and personalized learning within the educational landscape.
How Did Mathew Secure €1.2M to Expand Its AI Education Platform in Latin America?
