# Kahoot! ASA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kahoot-asa

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.kahoot.com
- Total disclosed funding: $52M
- Latest round: Series B (Oct 10, 2018)
- Investors on record: 5

## About

Based in Oslo Norway, and founded in 2012, Kahoot!AS doing business as Kahoot!, operates as an educational learning platform. The company also offers game-based learning, interactive presentations, trivia, events, conferences, engagement, formative assessment, compliance training, and policy training.

Kahoot! offers both free and paid plans designed for the classroom, office, and home whether in-person or remote. Nowadays, Kahoot! is utilized by 7 million instructors globally, hundreds of millions of students and families, and 97% of Fortune 500 companies. The company was founded by Morten Versvik, Johan Brand, and Jamie Brokker and born in a joint project with the Norwegian University of Science and Technology (NTNU), and collaborated with Professor Alf Inge Wang, and were later joined by businessman Åsmund Furuseth. Kahoot! is funded by SoftBank, Northzone, Creandum, M12, Datum Group, Accelerator Investments LLC, and Norwegian and international investors. The company is listed in Oslo Stock Exchange’s Euronext Growth on October 10, 2019.

For the past 2 years, the company has acquired four companies namely DragonBox, Poio, Drops, and Actimo. DragonBox is a game that teaches algebra while Poio is an EdTech startup that focuses on teaching children written language. Drops is a game-based language learning application while Actimo is an easy-to-use communication and engagement platform that teach, train, and manage the workforce on mobile.

Kahoot!'s revenue comes from paid subscriptions from over 24 million active global users.


The company plans to go public and join the main Norweigan stock market by the end of March 2021.

## Funding rounds

- Series B, Oct 10, 2018, $15M — Northzone, M12, Disney Accelerator, Datum
- Series B, Mar 15, 2018, $17M — Northzone, Creandum, M12, Datum
- Series A, Jul 19, 2017, $10M — Northzone, Creandum, M12
- Series A, Sep 21, 2016, $10M — Northzone, Creandum, M12

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B
- M12 (https://capitalatlas.ai/funds/m12) — Series A, Series B
- Datum — Series B
- Disney Accelerator — Series B