The private placement included a private placement of 7.5m new shares and 16.5m existing shares and amounted to $90m in total.
Both CEO Eilert Hanoa and Northzone Ventures, one of Kahoot!s largest shareholders, participated in the investment round.
The company, which has raised over $110m to date, intends to use the funds to expand its game-based learning platform to all segments — whether it be organizations, educational institutions or families at home and invest further in research and development, product innovations, as well as expansion through strategic expansion opportunities.
Launched in 2013, Kahoot! provides a game-based learning platform for any individual or corporation to create, share and play learning games that drive engagement. Over the past 12 months, more than 218 million games have been played on the Kahoot! platform with 1.3 billion participating players in 200 countries. The company also has offices in the US, the UK, France and Finland.