Norway-based educational game developer Kahoot has increased its valuation to $376m with an investment from entertainment and media group Walt Disney sized at approximately $15m, TechCrunch reported.
Disney has purchased a 4% stake in the company, which was valued at $300m in a $15.3m round just two months ago, equating to a $15m commitment that increased the company’s overall funding to about $90m.
Kahoot is an online learning platform that enables users to design, host or play educational games for K-12 students and for businesses. It claims to currently host some 60 million user-generated games.
The October 2018 round was led by investment vehicle Datum Invest and included participation from undisclosed additional investors based in the Nordics region.
The company secured $17m in a March 2018 round featuring M12, a corporate venturing subsidiary of software provider Microsoft, at a reported valuation of $100m. Datum Invest, Northzone, Creandum and Kahoot chairman Eilert Hanoa also took part in that round.
Kahoot had previously closed a $20m series A round in July 2017 that included M12, Northzone, Creandum and unnamed private investors.