Arctic Securities acted as Joint Lead Manager in relation to the Private Placement in Kahoot! AS. Through the Offering, Kahoot! raised gross proceeds of NOK 126.5 million which will be used to further grow the Company, including allowing the Company to pursue value-creating non-organic opportunities.
Kahoot! has developed and operates a game-based learning platform where the audience can join the game (quiz) on the presentation screen using their mobile device. The company had over 70 million monthly active users in peak season 2017 and more than 2 billion cumulative players from over 200 countries have used Kahoot! since launch. In total, 60 million games have been created on the Kahoot! Platform. The company’s vision is to build the largest learning community in the world.
We thank Kahoot for the vote of confidence and congratulate on the successful transaction.