Kahoot to buy American edtech firm Clever for up to $500 million

Not often that a European tech company buys a US-based company for half a billion dollars, but here we are: Norway’s Kahoot this morning announced that it is acquiring California-based Clever, a K-12 EdTech learning platform. The combination of two of the world’s leading digital learning platforms will set Kahoot back up to $500 million, […]

Munich-based StudySmarter raises $15 million in Series A round

Munich’s edtech startup StudySmarter has raised $15 million in a Series A round with ambitions to become the world’s central hub for learning. The investment arrives via Owl Ventures and Left Lane Capital, as well as individual investors Lars Fjelsoe-Nielsen and existing investor Dieter von Holtzbrinck Ventures. The capital is expected to accelerate StudySmarter’s scale-up […]

Paris-based edtech OpenClassrooms raises $80 million, partially backed by Zuckerberg

Paris-based edtech OpenClassrooms has raised $80 million in their third round and saw participation from the Chan Zuckerberg Initiative, a project Facebook founder Mark Zuckerberg established with his wife Priscilla Chan in 2015. The round also saw participation from Lumos Capital, GSV Ventures, and Salesforce Ventures. Founded in 2012, OpenClassrooms is an edtech platform that […]

Berlin-based online language learner Lingoda raises €57 million

Berlin’s online language learning school Lingoda has raised €57 million in a round led by Summit Partners and saw participation from existing investor Conny Boersch, founder of Mountain Partners, an early investor in Lingoda. As part of the deal, Summit Partners’ managing director Matthias Allgaier will join the Lingoda board of directors. The capital is […]

Oslo-based employee engagement and learning platform Motimate acquired by Kahoot!

In and Oslo-to-Oslo transaction, learning platform Kahoot! has acquired cross-town employee engagement and learning app provider Motimate. Kahoot! has acquired 100% of the shares of Motimate at an enterprise value of $25 – $27 million on a cash and debt-free basis, including a 2021 performance-based element, reflecting an approximate 5x multiple on an ARR target […]