Gamified e-learning platform Kahoot gets acquired in a $1.7B deal led by Goldman Sachs, Lego, and more


Kahoot, the Oslo-based startup known for its gamified e-learning platform, is set to go fully private in an all-cash private equity deal led by Goldman Sachs Assets Management, valuing the company at $1.7 billion. The deal also includes existing Kahoot backers General Atlantic, LEGO Group’s KIRKBI Invest A/S, and Glitrafjord, controlled by Kahoot CEO Eilert Hanoa, among others. Despite the premium on Kahoot’s publicly traded shares, the valuation is a step down from the company’s peak during the COVID-19 pandemic, reflecting the struggles tech companies face in the current economic climate.

Kahoot has seen significant growth due to the rise of remote learning, hosting hundreds of millions of learning sessions with 9 billion participants in over 200 countries. However, like many tech businesses, it has struggled in the public markets post-pandemic. The company’s Q2 financials showed $41 million in revenues, up just 14% on last year, and cash equivalents of $96 million by the end of the second quarter. Despite not being at its peak valuation, the private equity group believes in the long-term opportunity of Kahoot.

Original Article

Schools Prioritizing Social-Emotional Learning See Strong Academic Benefits

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A new, comprehensive report from the University of Chicago Consortium on School Research delves into the critical period of adolescence, a time of significant growth and change that sets the stage for adulthood. The report emphasizes the importance of investing in adolescents to ensure their future success and the prosperity of our society.

The report begins by highlighting the unique characteristics of adolescence. It’s a time of rapid brain development, particularly in areas related to social and emotional learning. Adolescents are not just oversized children; they have unique needs and potentials that require targeted support.

The study underscores the importance of a supportive environment for adolescents. Schools, families, and communities all play a vital role in shaping adolescents’ experiences. The report suggests that these environments should be designed to foster positive relationships, provide meaningful learning experiences, and promote healthy identity development.

One of the key findings of the report is the importance of social and emotional learning (SEL) during adolescence. SEL skills, such as self-awareness, self-management, social awareness, relationship skills, and responsible decision-making, are crucial for adolescents’ success in school and life. The report advocates for integrating SEL into the school curriculum and providing adolescents opportunities to practice these skills in real-world contexts.

The Trauma-Sensitive Classroom: Building Resilience with Compassionate Teaching
  • Jennings, Patricia A. (Author)
  • English (Publication Language)
  • 224 Pages – 11/13/2018 (Publication Date) – W. W. Norton & Company (Publisher)

The report also discusses the role of equity in adolescent development. It argues that all adolescents, regardless of their background, should have access to high-quality educational opportunities. The report calls for policies and practices that promote equity and ensure that all adolescents can reach their full potential.

In conclusion, “Investing in Adolescents” is a call to action for educators, policymakers, and society at large. It emphasizes that adolescence is a critical period that shapes individuals’ futures and the future of our society. By investing in adolescents and providing them with the support they need, we can unleash their potential and create a brighter future for all.

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Teachers increasingly embrace ChatGPT — students not so much

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According to a survey conducted by the Walton Family Foundation and Impact Research, the use of AI tools among teachers has seen a significant increase, growing 13 percentage points from winter to summer. The survey found that 63% of teachers are now using AI, up from 50% in February. On the other hand, student participation has also increased but at a slower pace, rising from 33% to 42% during the same period.

The survey results revealed that a large majority of teachers (84%) who have used ChatGPT reported that the AI technology has positively impacted their classes. As the use of AI in education continues to grow, Common Sense Media announced plans to develop an in-depth AI ratings and reviews system to assess AI products used by children and educators on responsible AI practices and other factors.

The article also mentions that while some districts have blocked ChatGPT and other AI-powered tools, others are exploring how the technology can improve education workplace practices. As interest and use intensify, many education professionals are searching for guidance and credible sources of information on ways to safely and effectively incorporate AI.

The Eclectic Educator is a free resource for all who are passionate about education and creativity. If you enjoy the content and want to support the newsletter, consider becoming a paid subscriber. Your support helps keep the insights and inspiration coming!