Only last week Kahoot! announced its admission to the Disney Accelerator program. Today they are coming again with another massive announcement. The company added $10 million of funding to its Series A financing round. This Series A extension funding round was led by new private investors from Norway, together with current investors Microsoft Ventures, Creandum and Northzone. This round brings total Series A funding in Kahoot to $20 million, including $10 million closed in September 2016.
The money will be used to fund Kahoot!’s higher investment in product development and commercial expansion. 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 to date. The company opened offices in Oslo, London and Austin and since its launch in 2013, it has turned game-based learning into a pop culture phenomenon. Additional funding will help the company drive continued user growth and revenue.
“We are thrilled to receive this investment from new and existing investors,” said Erik Harrell, CEO, Kahoot! “We are excited about increasing our investment in our commercial activities and in product development, including in mobile, with mobile being the ubiquitous platform that will enable learning anytime, anywhere among learners of all ages and in all contexts.”
Kahoot! recently announced an iOS and Android beta version of its mobile app, that brings the magic of game-based learning outside the physical classroom: teachers can send after-class challenges to students as homework and learners can continue playing for revision and fun wherever they are, anytime. The app will launch during the new school year.