- Norwegian education platform Kahoot announced Tuesday that it’s raised $215 million from SoftBank.
- It plans to use the fresh funds to fuel growth through new partnerships, joint ventures and acquisitions.
- Educational technology, or “edtech,” has flourished this year due to the coronavirus pandemic.
LONDON — SoftBank has invested $215 million in Norwegian education start-up Kahoot, taking a 9.7% stake in the company, as demand for online learning platforms skyrockets during the coronavirus pandemic.
The Oslo-based firm said Tuesday it had agreed to sell 43 million new shares at a price of 46 Norwegian krone — or about $5 — per share to SoftBank. It