Kahoot Announces New Investment Partner General Atlantic
- By Kate Lucariello
- 10/13/22
Global
learning and engagement platform Kahoot! has announced a new
investor, global growth equity firm General Atlantic, to support an
upcoming expansion of its offerings. With the new investor buying
prior funding source SoftBank Group’s full 15% shares in the
company, Kahoot! Is poised to accelerate into new customer markets, a
product roadmap and new commercialization, the company said.
SoftBank
has partnered with Kahoot! since 2020, and General Atlantic’s
buy-in will make it Kahoot!’s largest shareholder. Kahoot! offers a
portfolio of brands dedicated to digital learning and audience
engagement, including several in education, such as Kahoot!
at School, used by 9 million teachers, and Kahoot!
Academy, an online creator community and marketplace
for educational content. It also offers Clever,
a single sign-on EdTech platform and digital classroom, used by 70%
of U.S. K–12 schools, the company said.
Eilert
Hanoa, Kahoot! CEO, expressed gratitude toward SoftBank for its
two-year investment and said the company is excited at the new
directions General Atlantic will help it move toward. “The team at
GA brings deep experience in scaling global education technology,”
Hanoa said, “... and we look forward to our next phase of momentum
in empowering the learning ecosystem around the world."
Go
here to read more about Kahoot! and what it offers and
here
for more information about General Atlantic.
About the Author
Kate Lucariello is a former newspaper editor, EAST Lab high school teacher and college English teacher.