BizTrailBlazer-Blog-elearning-site-Kahoot-acquires-Actimo

e-learning Site Kahoot Acquires Actimo for up to $33 million

Kahoot, a Norwegian company has made its name with a platform that helps students and educators to create and share game-based online learning sessions has acquired a Danish start-up named Actimo.

Actimo provides the much-needed platform for businesses in order to train and engage with employees. Kahoot, which is valued at over $2 billion acquired the start-up to boost another segment of its business; corporate customers. With an enterprise value between $26 million- $33 million, the purchase was made with a combination of cash and shares and it is expected to be completed by October 2020.

While the amount may not sound very big, in a market where companies are getting hundreds of millions in their Series A funding round, but that also creates different challenges for both the investors and the founders. However, this is a strong exit for Actimo, which raised less than $500,000. Also, this purchase will eventually help Atkimo to scale faster as it will operate under the wings of Kahoot, which has been scaling at an enormous rate.

Currently, Kahoot has more than 1 billion active users. In the last 12 months, 200 games have been played on its platform. In June, while Kahoot raised as much as $28 million in funding, it announced that 100 million games had been played already.

Due to corona virus, remote learning and remote work are becoming a norm and a lot more common as a long term option, which has skyrocketed the valuation of Kahoot. With few of its shares traded on the Merkur Stock Market in Norway, the company has a market cap of $2.1 billion. Surprisingly, the amount was only $1.4 billion in June.

However, the company believes it’s the corporate from where most of the revenue will come from, and this is the reason why it’s so keen to grow in that segment. According to Kahoot, with Actimo it aims to build out a product set with the intent to help organizations with company culture.

Actimo’s solution on the other hand is quite interesting; it has built a platform where employers can track and encourage employees on how they are engaging across their organization and employees can track the training they need to do, provide feedback and engage with other employees.

Eske Gunge, CEO at Actimo said in a statement, “We are thrilled to join forces with Kahoot! in our mission to develop next-level solutions that connect remote employees and boost employee engagement and productivity,” He also added, “Being part of Kahoot! and with our experience of working with innovative and ambitious enterprises across industries, we can together set a new standard for corporate learning and engagement.”

Kahoot CEO, Eilert Hanoa, said in a statement. “We are excited to welcome the Actimo team to be part of the fast-growing Kahoot! Family.” He also mentioned, “This acquisition will further extend Kahoot!’s corporate learning offerings, by providing solutions tailored for the frontline segment, as well as to solidify company culture and engagement among remote and distributed teams in companies of all types and sizes. This continues our expressed ambition to also grow through M&A by adding strategic capabilities that we can leverage across our global platform.”

Share Now

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp

get your ad spaces

BizTrailBlazer---400X700-Ads

explore other articles

BizTrailBlazer-Blog-Best-Business-Ideas-for-Women-That-Make-Upto-$2000-Per-Month

If you are looking for some of the best business ideas for women that can make you up to $2000 …

BizTrailBlazer-Blog-Syfe-A-Singapore-Based-Robo-Advisor-Raises-18.6-Million-Funding

Singapore based start-up Syfe, which wants to make investing more accessible in Asia, has announced that it has closed an …

BizTrailBlazer-Blog-Zwift-raised-a-hefty-$450-million-in-funding-KKR

An online fitness-based platform Zwift that immerses cyclists and runners in a 3D generated environment has raised a massive $450 …

BizTrailBlazer-Blog-Airbus-Unveils-Zero-Emission-Concept-Aircrafts

In its latest effort to bring public attention to its ‘Zero Emission’ plans, Airbus has unveiled three visual concepts for …

BizTrailBlazer-Blog-TikTok-launches-marketing-program-for-advertisers

To attract more advertisers with tools to measure the success of ad campaigns, Bytedance owned TikTok launched a marketing program …

BizTrailBlazer-Blog-APK-to-AAB---Google-To-Replace-APK-Format-From-August-[2021]

Google has officially announced that, all the new apps or games that get published on the Google Playstore from the …

Apple-iPhone-12-will-be-Manufactured-in-India-BizTrailBlazer-Blog

Apparently, Apple’s one of the biggest suppliers Wistron has started trial production of the upcoming iPhone 12 at a facility …

Top-3-Document-Management-Trends-of-2020---BizTrailblazer-Blog

Since the last few years, organizations are trying to move away from paper documents and opting for digitized document control …

BizTrailBlazer-Blog-TikTok-ban-has-been-delayed

A U.S federal court has delayed the ban on TikTok, and it will not go on effect from this Monday. …

Best-Document-Management-Systems-[A-Complete-Guide]---BizTrailblazer-Blog

Since the last decade, companies across the planet are trying to move away from paper documents and opting for digitized …

you may also like

BizTrailBlazer-Blog-Freelance-Content-Writer-Kolkata-India

With the emergence of the Covid 19 pandemic, most of the businesses across the planet have moved online. However, moving …

BizTrailBlazer-Blog-Most-Requested-CRM-Software-Features

Most of us have already heard about CRM software. Still, those who don’t know what CRM software is, it is …

Best-Document-Management-Systems-[A-Complete-Guide]---BizTrailblazer-Blog

Since the last decade, companies across the planet are trying to move away from paper documents and opting for digitized …

BizTrailBlazer-Blog-Data-Breaches-and-a-Global-Pandemic

Since joining his new organization, Paul is working from home for the very first time. Due to the lock-down imposed …