Kahoot secures $15.4M more in capital investment.
Kahoot!, an Oslo, Norway-based company managing a game-based learning and trivia platform used for education purposes, announced in a press release that it completed an investment round of NOK 126.5M ($15.4M).
The funding, which was oversubscribed, values the company at NOK 2.55bn ($310M) and comes from new and existing investors, including Jan Haudemann-Andersen who conributed with $2.2M through his private investment company Datum AS and including the associated companies Trojan AS, Datum Vekst AS and Hopsborg AS, through which will own 14.3% of the company.
Prior to this round, Kahoot has raised about $43M. This is the second investment raising made in 2018, after the $17 million funding announced at the beginning of the year, which included investors like Datum Invest, Northzone, Creandum and Microsoft Ventures.
Kahoot was founded in 2011 as Mobitroll out of NTNU Technology Transfer by Johan Brand, Jamie Brooker, Åsmund Furuseth and Morten Versvik. The company was renamed as Kahoot in August 2013 and as it has developed a game platform that is used for education by 70 million users a month, up 75 percent from 2017. The company has 50 employees and expects revenue of $2M and 100 million active users for 2018.