The private placement valued the gamified educational platform developer at more than $2.2bn and gives SoftBank a 9.7% stake.

Telecommunications and internet group SoftBank provided $215m for Norway-headquartered online learning platform developer Kahoot today through a private placement.

The deal will involve SoftBank buying 43 million shares priced at NOK43.00 ($5.00) each, giving the corporate a 9.7% stake and valuing Kahoot above $2.2bn. It also includes a provision preventing SoftBank from increasing its stake past 10% in the next six months.

Kahoot is the creator of an online platform that uses gamification to help children, students and adults learn.…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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