Northzone, Creandum in $17m funding round for Kahoot

Other investors in the funding round included investment company Datum Invest, Microsoft Ventures and Kahoot chairman Eilert Hanoa.

Kahoot plans to use the fresh capital to accelerate the development of its platform and extend premium subscription services to all users, in line with its goal to keep it free for teachers and students.

The firm's investment bank ABG Sundal Collier managed this funding round. To date, Kahoot has raised $43m. 

Previous funding
Creandum, Northzone and Microsoft Ventures led a funding round of $10m for Kahoot in September 2016, according to Unquote Data. The capital was intended to help the company to continue to support the teaching community, fueling new game formats, infrastructure, and growth.

In July 2017, Creandum, Northzone and Microsoft Ventures, alongside private investors, structured a funding round of $10m for the company. The additional funding enabled the business to double product development efforts and expand its business activities.

Company
Founded in 2012 and launched in 2013, Kahoot has developed a game-based learning application for any subject and all ages. It is based in Oslo, Norway and has additional offices in London and Austin, US. The application has 70 million monthly active users and is launching several new commercial services, according to the firm.

People
Northzone – Tellef Thorleifsson (founding partner).
Kahoot – Åsmund Furuseth (CEO).

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