- Education gaming app Kahoot raised $17 million in investment in its most up-to-date investment spherical, led by way of Invest AS.
- Past investors Microsoft Ventures and Northzone additionally participated within the spherical.
- The corporate has expanded its succeed in globally, and the corporate now says it is utilized in greater than 50% of American study rooms international, with 70 million per 30 days energetic customers.
Since game-based education platform Kahoot kicked off in Norway 5 years in the past, the corporate has expanded its succeed in in study rooms international and now has greater than 70 million per 30 days energetic customers.
In its most up-to-date investment spherical, which closed on Thursday, the corporate won $17 million in a spherical led by way of Invest AS. Previous investors Microsoft Ventures and Northzone, a European funding company that has invested in Scandinavian-born corporate Spotify, additionally participated within the spherical.
Since its release in 2013, Kahoot has raised $43 million in overall investment.
Kahoot’s number one person base is inside of the United States, the place the corporate says it is grown for use in additional than 50% of American study rooms. The corporate’s core product is an app which supplies unfastened tutorial quizzes within the guise of colourful, fast paced video games that scholars can use.
While the corporate didn’t reveal its present valuation, Kahoot CEO Asmund Furuseth informed Business Insider that the brand new investment would offer some way for the corporate to put money into accelerating its person expansion. Kahoot is particularly hoping to enlarge on its choices to companies, which come with game-based group development workout routines methods and assets for interior coaching.
“Our goal is to keep Kahoot free for its users, and to reach 100 million users per month before the end of the year,” stated Furuseth.