Kahoot! going private for $1.7 billion

Norwegian technology company Kahoot! is going private. Goldman Sachs Asset Management, Lego Group-affiliated companies, General Atlantic (a current shareholder), and management are among the parties in the buyout.

The price is $1.7 billion for a company that did $41 million in revenue (+14% year-over-year) and $11 million in EBITDA in Q2’23.

That is about 10 P/S and 38 P/EBITDA. Seems like a fair price for other shareholders (it was a 53% premium to its stock price).

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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