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Games learning platform Kahoot raises extra $10 million in Series A funding round

Date Type Companies involved Size
July 20th, 2017 investment Kahoot! $20m
Games learning platform Kahoot raises extra $10 million in Series A funding round

Games learning platform provider Kahoot has raised a further $10 million as part of its Series A funding round.

The company had already raised $10 million in September 2016 before the extension, bringing total investment to date to $20 million.

The funding extension was led by new private investors from Norway, as well as existing investors Microsoft Ventures, Creandum and Northzone.

Kahoot aims to use the additional finance to fund product development and expand its commercial activities.

Games for education

Last month Kahoot announced its new iOS and Android mobile app that lets teachers send after-class challenges to students as homework, as well as enabling students to continue playing learning-based games for revision purposes at any time.

The app is currently in beta and is expected to launch during the new school year.

"This additional funding comes at a very important stage of Kahoot's development," said Kahoot Chairman Eilert Hanoa.

"The Kahoot team has done a tremendous job growing the user base, which is up more than 60% year-over-year to 50 million monthly active users today, and this funding will help the company drive continued user growth and revenue."

 


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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Brad Jang
Please fix your 'Twitter' sharing feature, use SHORT URL and remove unuseful tags, I have to remove some text to tweet this article everytime I tried to...I won't share any of PG articles on twitter unless it's fixed