Kahoot! AS

Kahoot! AS

Kahoot! AS was incorporated in 2013 by Norwegian entrepreneurs Johan Brand, Jamie Brooker, and Morten Versvik. The company launched its flagship game-based learning app in 2013, targeting classroom engagement and corporate training. Its wealth origin derives from its founders' prior ventures and subsequent venture capital backing, not a single-family fortune. The company's platform supports user-generated quizzes, live games, and asynchronous challenges across education (K–12, higher ed), corporate training, and consumer entertainment. Kahoot! raised $28 million in a 2018 Series B led by Creandum and $215 million in a 2019 round from EQT Ventures, Index Ventures, and SoftBank Vision Fund, among others. The firm directly serves schools, businesses, and government clients in over 200 countries, with known partnerships including Microsoft Teams and Zoom. Its investment profile focuses on organic growth through product expansion and targeted acquisitions. Kahoot! went public on Euronext Oslo in October 2020, raising approximately NOK 2.3 billion ($250 million) in its IPO. The company subsequently acquired Drops (language learning, 2021), Actimon (presentation software, 2021), and Motimate (workplace learning, 2021). The firm's employee base grew to roughly 600 professionals globally, with additional offices in London, San Francisco, and Austin, Texas, per its 2021 annual report. Kahoot! operates as a publicly traded company, structurally distinct from a family office. Its governance follows Norwegian corporate law with an elected board of directors, including representatives from major institutional shareholders. The firm's revenue model combines free user tiers with premium subscriptions for schools and enterprises, enabling scale without dependence on a single capital provider.