Erik Harrell
๐ค SpeakerAppearances Over Time
Podcast Appearances
So that's how we've been funded to date.
Yeah, I mean, I think the, you know,
I mean, first of all, I joined a CEO, uh, over a year ago.
Um, and that's when, just as we closed a $10 million round.
So there was money that was, was actually, no, yeah, just, we had raised $10 million just as I joined.
And then we raised another 10 million just to just a number of months ago.
So we've raised about $20 million since, since I, since I joined, joined, uh, joined the company.
But I think I, I,
Yeah, it's 6 million raised early, and then there's been about 20 million that's been raised in the last 12 months.
I mean, I think that the investors really see, I mean, what they've really, I think they found very exciting about Kahoot is just really the user growth.
I mean, we've gone from zero to 50 million users almost as fast as Facebook, faster than Twitter.
So I think they've gotten very excited about the user growth that we've been able to demonstrate.
And also, I think they really believe in our monetization story, because when you look at and the focus of the company has been primarily on user growth.
And we've now switched over, you know, since I joined, we've now switched over to, OK, let's turn this into a business.
But I think they really believe in our plans around revenue.
As I said, it's around this freemium model because, I mean, the feedback we get from companies, they love using Kahoot in a corporate environment.
So we were very confident about building a great revenue stream around companies.
And then because we are a content platform, I think they really buy into our content story.
Because when you have an audience, as you know, when you have an audience, you're going to attract content providers and you're going to attract monetization.
So that's really what's helped us raise money from investors.