Kahoot – the global learning and engagement platform has announced that General Atlantic has joined its investor base. According to a news released by the Kahoot team, existing investor SB Northstar LP, a fund managed by a 100% directly owned subsidiary of SoftBank Group, partner to Kahoot! since 2020, is selling its full 15% stake in the company to General Atlantic.
With the investment, General Atlantic is expected to become Kahoot!’s largest shareholder. With the deal, Kahoot! plans to partner with General Atlantic to accelerate further growth initiatives, drive innovation, and expand its global footprint in homes, schools, and corporations. The partnership with General Atlantic will help Kahoot to accelerate further growth initiatives, drive innovation, and expand its global footprint in homes, schools, and corporations.
With a diverse demographics and application verticals, the core Kahoot! service has been used by 8 billion non-unique cumulative participants, Kahoot! at Work, used in 97% of Fortune 500 companies, Kahoot! at School, used by approximately 9 million teachers while Kahoot! at Home & Study, used by more than 18 million users as an at-home gamified learning solution. Across verticals, Kahoot! services recorded 28 million active users globally in the last twelve months.
Commenting on the development, Eilert Hanoa, CEO of Kahoot!, said,
We are very grateful to SoftBank for their partnership over the past two years. As Kahoot! continues to pursue its mission to improve lifelong learning by building a leading global learning and engagement platform, we are thrilled to add a partner of General Atlantic’s caliber. The team at GA brings deep experience in scaling global education technology and software businesses and positioning market leaders for long-term success, and we look forward to our next phase of momentum in empowering the learning ecosystem around the world.
Since its founding in 2013, the Oslo-based learning platform has grown into a multifaceted offering and a portfolio of leading brands at the intersection of digital learning and audience engagement. Chris Caulkin, Managing Director and Head of Technology for EMEA at General Atlantic, said,
“We believe Kahoot! has significant potential for further growth as digital learning solutions continue to be adopted across its work, school, and home markets. With its much-loved brand, product-centric approach, and engaged global user base, Kahoot! is well positioned to scale, and we look forward to supporting Eilert and the full Kahoot! team in the years to come as they reach and engage ever more users worldwide.”
Since its launch, Kahoot! has hosted hundreds of millions of learning sessions with 8 billion non-unique cumulative participants in more than 200 countries and regions. The Kahoot! Group includes Clever, the leading US K-12 EdTech learning platform, together with the learning apps DragonBox, Poio, Drops, Actimo, Motimate, and Whiteboard.fi. The Kahoot! Group is headquartered in Oslo, Norway, with offices in the US, the UK, France, Finland, Estonia, Denmark, Spain, and Poland.
