Motimate
Simplify your workday through effective internal communication, strong cultural development, simplification of everyday tasks and engaging training.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 9.3x EV/Revenue -20.1x EV/EBITDA | round | |
$26.0m Valuation: $26.0m 7.3x EV/Revenue -33.6x EV/EBITDA | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 934 % | 120 % | 87 % | 117 % | 26 % | 33 % | 9 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (127 %) | (47 %) | (49 %) | (22 %) | (10 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (215 %) | (108 %) | (102 %) | (54 %) | (21 %) | 5 % | 37 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Motimate AS operates as a specialized provider of corporate training and internal communication solutions, structured around a Software-as-a-Service (SaaS) model. The company was established in Oslo, Norway, in 2017 by co-founders Rolf Risnes, who also serves as CEO, and Lars-Petter Windelstad Kjos, the Chief Product Officer. Their journey began after more than a decade of developing bespoke digital learning tools for major Scandinavian companies, which highlighted a common set of challenges across organizations. This experience culminated in the creation of Motimate. Lars-Petter Windelstad Kjos has a background in teaching and has co-founded other ventures, including the game development studio Hyper Games. Before its official launch, the founding concepts were tested through projects with large retailers like REMA 1000 and Varner Group, demonstrating significant improvements in employee training and sales performance.
The core of Motimate's offering is a mobile-first application designed for employee learning and engagement. The platform enables organizations to create, distribute, and track training content for purposes such as onboarding new hires, upskilling existing staff, and disseminating information for marketing campaigns. It utilizes gamification principles and supports multimedia content like videos, images, quizzes, and text to make learning more interactive. The service includes 'Motimate Training,' a gamified e-learning platform, and 'Motimate Pulse,' which functions as a social platform for employees to share knowledge and successes. The platform is designed for a diverse client base, including companies in retail, transport, and fashion, with notable customers like 7-Eleven, Staples, and Manpower. Revenue is generated through subscriptions to its SaaS platform. A key milestone occurred in April 2021, when Motimate was acquired by the global learning platform company Kahoot! for an enterprise value of approximately $25-27 million. This acquisition was a strategic move by Kahoot! to enhance its offerings in corporate learning and employee engagement.
Keywords: corporate training, mobile learning, employee engagement, gamification, SaaS, e-learning platform, upskilling, onboarding, internal communication, micro-learning, corporate culture, knowledge sharing, performance tracking, digital learning solutions, employee development, Kahoot, Rolf Risnes, Lars-Petter Windelstad Kjos, enterprise learning, learning management system