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Tuesday, June 28, 2022

Kahoot! to pay $6 mln for year-old Finnish Whiteboard

Kahoot!, the global learning platform, has acquired Finnish online whiteboard tool for teachers and classrooms Whiteboard.fi, paying $6 million for the firm which launched only last year.

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Through Whiteboard.fi, teachers and students get their individual digital whiteboard, where they can draw, write text, make notations on images, add math equations, and more. Teachers can see their students’ whiteboards in real-time and follow their progress, while the students only see their own whiteboard and the teacher’s.

“Through this acquisition, Kahoot! plans to expand its platform and provide more powerful learning and engagement tools for 7.5 million teachers on the Kahoot! platform, making it easy for them to make learning awesome,” it said in a statement.

Whiteboard.fi has grown its active users by over 400% in the last 6 months, reaching more than in total 7 million users, with most of its educators in the United States and Britain.

“Whiteboard.fi’s online whiteboard tool provides a great canvas for teachers and students to express themselves, bring more engagement, and learn while having fun,” said Eilert Hanoa, CEO, Kahoot!

Kahoot! has been working on growth through acquisitions — in November 2020 it acquired language learning platform Drops, valuing the firm at $31 million and agreeing on an additional performance-based payout of $19 million.

The final price of Whiteboard.fi could rise to $12 million depending on Whiteboard’s performance this year and next, it said.

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Tarmo Virki
Tarmo Virki
Hi its Tarmo here!

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