Kahoot!

Kahoot! is a Norwegian online game-based learning platform. It has learning games, also known as "kahoots", which are user-generated multiple-choice quizzes that can be accessed via a web browser or the Kahoot! app. In July 2023, Kahoot agreed to be acquired by Goldman Sachs Asset Management alongside General Atlantic, Glitrafjord, and others in a $1.72 billion all-cash deal. Kahoot! was founded in 2012 by Morten Versvik, as well as a team of co-founders such as Johan Brand, Jamie Brooker and Asmund Furuseth in a joint project with the Norwegian University of Science and Technology, collaborating with professor Alfe Inge Wang to develop the website. Kahoot! was launched in a private beta at SXSWedu in March 2013, and the beta was released to the public in September 2013. In 2017, Kahoot! had raised$26.5 million in funding from Northzone, Creandum and Microsoft Ventures. In October 11, 2018, Kahoot! was valued at $300 million. As of 11 June 2020, Kahoot! was valued at$1.5 billion and raised further capital from Northzone. In 2019, Kahoot! acquired the Scandinavian education company Poio. It also acquired DragonBox, an educational games developer, for $18 million. Kahoot! raised$28 million in venture capital investments the following June. Kahoot! raised an additional $215 million in venture capital funding from SoftBank in October 2020. Afterwards, Kahoot! made a series of acquisitions. It acquired Drops, which was focused on teaching languages, for about$50 million. This was followed by Whiteboard.fi, which develops software for digital, online whiteboards. Kahoot! also acquired the Danish startup Actimo for approximately $33 million. Actimo developed software for training and engaging with employees. It was acquired to expand Kahoot's features for business users. In April 2021, Kahoot! acquired Motimate, a corporate learning company based in Norway, for about$25 million. In 2021, Kahoot! announced that it would acquire SSO digital learning platform Clever, Inc. for $500 million to expand Clever Inc.