Industry News

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.