Kahoot, the Norway-based creator of an educational gaming platform, has secured $17m in funding from investors including Microsoft Ventures, the corporate venture capital arm of software provider Microsoft.
The unit was joined by investment holding company Datum Invest, technology investment partnership Northzone, VC firm Creandum and Eilert Hanoa, Kahoot’s chairman. The round valued Kahoot at $100m, sources close to the company told TechCrunch.
Kahoot is the operator of an online platform with some 70 million monthly active users that utilises gamification techniques to help users learn about academic subjects such as maths, history and science, as well as general knowledge.
The basic version of the platform is free but Kahoot aims to increase revenue by extending the premium subscription services it offers to customers such as businesses.
Åsmund Furuseth, Kahoot’s chief executive, said: “We are thrilled to secure additional funding from new and existing investors, so that we can accelerate development of the Kahoot platform and extend premium subscription services to all our users.
“Our goal is to keep the Kahoot experience free for teachers and students around the world. And we will continue to do what we do best: To make learning awesome.”
The round took the company’s overall funding to $43m, $20m of which was raised in a series A round featuring Microsoft Ventures, Northzone, Creandum and unnamed private investors that closed in July 2017.