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Desmos draws on Google Ventures for online graphic calculator funds

28 Sep 2012

Google Ventures has injected funds into online graphic calculator software business Desmos to fund staff hires and further growth.

The company’s software allows users to create, save and share full colour graphs without the need to install or download software.

Google Ventures partner Rich Milner said, “Today technology is rapidly redefining traditional education.

“Math is a subject area where we lose many of our students and our competitive edge.

“If math can come to life, as Desmos is doing, we can build a generation of students that is engaged and deeply interested in the areas of math and science.

Earlier this year the venture arm of pension fund giant OMERS helped close the largest-ever venture investment in a Canadian software company by backing an $80m financing round for Desire2Learn.

OMERS Ventures made the investment alongside New Enterprise Associates, beating the previous record set of $60m set in 2000, according to data from Thomson Reuters.

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