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Matiks raises $10M in pre-Series A funding for its math and puzzle gaming platform
Key points
- Matiks raised $10 million in pre-Series A funding.
- General Catalyst led the funding round.
- Daily users grew from 22,000 to over 300,000 this year.
- The platform offers math, puzzle, memory, and logic games.
Funding Details
Matiks announced it has raised $10 million in pre-Series A funding. The round was led by General Catalyst, with additional participation from Indian entrepreneur Ronnie Screwvala, and existing investors InfoEdge Ventures, Tanglin Venture Partners, and Untitled Ventures. This latest investment brings the company's total funding to over $13.5 million.
Platform Growth
The Matiks app, which has been available for two years, has experienced significant user growth in the current year. Daily active users increased from 22,000 earlier in the year to over 300,000 by September. In the same month, the platform recorded 2.2 million monthly active users.
Platform Offerings
Matiks provides a platform for math, logic, and brain-game puzzles. Users can select from categories such as Math, Puzzle, Memory, and Logic to play various games. The app allows users to play against bots for practice and then compete against other real players. It also includes challenges and quests for earning points, maintaining streaks, and unlocking new games.
Company Vision
Founded by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, Matiks aims to offer entertaining math-related games. Sudhanshu Bhatia, who has a background in competitive mental math, stated the goal is to create a competitive ecosystem for puzzles and memory, making the app as engaging as physical sports.
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Reporting from
Matiks, an India-based gaming company, secured $10 million in pre-Series A funding led by General Catalyst to expand its math, logic, and brain-game puzzle platform. The company has seen its daily active users grow from 22,000 to over 300,000 this year, reaching 2.2 million monthly active users in September.