Kahoot

Last Reported Valuation
$1.7B
Take-Private, Jan 2024
Total Funding Raised
$584M+
Total capital raised
Founded
2012
Oslo, Norway
Exchange Listing
Private
Not publicly traded
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About Kahoot!

Kahoot! is a global learning and engagement platform best known for its game-based quiz format used by educators, businesses, and individuals worldwide. Founded in 2012 in Oslo, Norway by Morten Versvik, Johan Brand, and Jamie Brooker in collaboration with the Norwegian University of Science and Technology (NTNU), Kahoot! has grown into one of the most widely used EdTech platforms in the world, with over 11 billion participants across more than 200 countries and regions since launch.

Kahoot!'s platform is trusted by over 8 million educators spanning K-12 through higher education, and is widely used by corporations for employee training and engagement. The company's SaaS product suite includes Kahoot! for Schools, Kahoot! for Work, and Kahoot! at Home, as well as Clever, a platform that streamlines edtech access for schools and serves approximately half of all K-12 students in the United States.

In January 2024, Kahoot! was delisted from the Oslo Stock Exchange following a $1.7 billion all-cash take-private acquisition led by Goldman Sachs Asset Management, alongside General Atlantic, KIRKBI Invest A/S (LEGO Group's investment arm), and Glitrafjord. The company is now privately owned and operating under a new board chaired by Gavin Patterson, former President of Salesforce and CEO of BT Group. Kahoot!'s peak public market cap was approximately $6.16 billion in February 2021.


Funding History

Round Date Amount Raised Post-Money Valuation Notable Investors
Take-Private Jan 2024 $1.7B ~$1.7B Goldman Sachs Asset Management, General Atlantic, KIRKBI Invest A/S (LEGO Group), Glitrafjord
Post-IPO 2021–2022 ~$400M Peak ~$6.16B SoftBank Vision Fund, General Atlantic, Tiger Global, institutional shareholders
IPO Oct 2021 ~$130M ~$2.5B Oslo Stock Exchange (Oslo Børs) listing
Series C 2019 ~$215M Undisclosed General Atlantic, SoftBank, Eilert Hanoa and other investors
Series B 2018 ~$17M Undisclosed Microsoft M12, Northzone, Arts Alliance
Series A 2016 ~$20M Undisclosed Northzone, Datum, Creandum

Figures sourced from public disclosures. Approximate. For informational purposes only. Not an offer or solicitation.


Company Details

Legal Name
Kahoot! ASA
Headquarters
Oslo, Norway
Founded
2012
Sector
Education Technology
Sub-Sector
EdTech / Game-Based Learning
Flagship Product
Kahoot! Platform
Entity Type
Private (PE-Backed)
Employees
~600
Exchange Listing
Delisted Jan 2024

Kahoot! Stock FAQs

No. Kahoot! was delisted from the Oslo Stock Exchange in January 2024 following a $1.7 billion all-cash take-private acquisition. The company now operates as a privately held entity under Goldman Sachs Asset Management, General Atlantic, KIRKBI, and the Kahoot! management team. Accredited investors interested in exposure to Kahoot! may explore the FNEX Ventures Fund, subject to eligibility and availability.
The most recent publicly reported valuation for Kahoot! is approximately $1.7 billion, established at the time of its January 2024 take-private transaction. This is a significant discount from the company's peak public market cap of approximately $6.16 billion in February 2021. As a private company, Kahoot! no longer discloses updated valuation figures. Private company valuations are not indicative of current market value or future performance.
Since the January 2024 take-private, Kahoot! is owned by a consortium led by Goldman Sachs Asset Management (private equity), alongside General Atlantic, KIRKBI Invest A/S (the investment arm of the LEGO Group), Glitrafjord, and the Kahoot! management team. The company's new board is chaired by Gavin Patterson, former President of Salesforce and CEO of BT Group. These are strategic and financial relationships and do not guarantee any particular performance outcome.

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This is a private company. Its shares are not publicly traded and no market pricing is provided on this page. All valuation figures are based on publicly reported funding round data and are not indicative of current market value, intrinsic value, or future performance. Private company valuations are inherently uncertain and may change materially over time.

Company names, logos, and trademarks referenced or displayed on this page are used for illustrative purposes only and do not represent actual holdings, target investments, or future investment intentions of the FNEX Ventures Fund. There is no guarantee that any portfolio company will complete an initial public offering (IPO), merger, acquisition, or other liquidity event. Investment in private funds involves a high degree of risk, including the possible loss of the entire investment. Past performance is not indicative of future results.