Kahoot Acquires Again, Buying Reading App Poio

Financing

Kahoot Acquires Again, Buying Reading App Poio

May 14, 2019

KAHOOT KA’CHINGS: Less than a week after acquiring math game developer, DragonBox for $18 million, Kahoot is at it again. The Oslo-based company is paying $6.5 million in cash and stock to purchase Poio, a Norweigian developer of a reading app that claims to have reached 100,000 Scandinavian children.

Founded in 2017 by a teacher, Poio claims it has reached 100,000 Scandinavian children across Norway and Sweden, where the app is currently available. A British English version is scheduled to be released in June 2019.

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