Existing investor SoftBank Group to sell full stake in Kahoot! to General
Atlantic
New partnership with global growth investor to further accelerate Kahoot!'s
momentum with customer expansion, product roadmap, and commercialization efforts
Oslo, Norway - September 16, 2022 - Kahoot!, the global learning and engagement
platform company, today announced that General Atlantic, a leading global growth
equity firm, has joined its investor base to support the company's next phase of
expansion. Existing investor SB Northstar LP, a fund managed by a 100% directly
owned subsidiary of SoftBank Group Corp., partner to Kahoot! since 2020, is
selling its full 15% stake in the company to General Atlantic. Upon completion
of the transaction, General Atlantic is expected to become Kahoot!'s largest
shareholder. With a mission of making learning awesome for millions of people
around the world, Kahoot! plans to partner with General Atlantic to accelerate
further growth initiatives, drive innovation, and expand its global footprint in
homes, schools, and corporations.
Since its founding in 2013, the Kahoot! Group has grown into a multifaceted
offering and a portfolio of leading brands at the intersection of digital
learning and audience engagement. Since launch, the core Kahoot! service has
been used by 8 billion non-unique cumulative participants across the globe. The
engagement and learning platform targets customers across diverse demographics
and application verticals through Kahoot! at Work, used in 97% of Fortune 500
companies for corporate learning and engagement