Sorainen has advised Estonia-based startup 99math on its USD 2.1 million investment round led by Play Ventures, with existing shareholders Flyer One Ventures and Change Ventures participating.
According to Sorainen, "99math has a multiplayer math game that teachers use in classrooms around the world. Together, students in 99math have solved over 600 million math problems, or three million per day, within the last three years. It turns out one of the tricks to getting children into math is to get them to compete with each other in the classroom."
"We have an extremely exciting fan base, but we are still small in the United States," 99math CEO Tonis Kusmin commented. "We have a tiny fraction of the 40 million kids. So we are taking the product to more users. And we are improving the classroom experience. We’re already quite good there. And the third mission is building out the full home game."
Sorainen previously advised 99math on its USD 1 million investment round with Genesis Investments, Change Ventures, and five angel investors (as reported by CEE Legal Matters on August 19, 2021).
The Sorainen team was led by Counsel Lauri Liivat and included Partner Toomas Prangli and Associates Vladislav Leiri and Kristi Tammiku.
