With over 40 million users across 180 countries, the Kiwi ed-tech start-up, Kami, just received an investment from Boston Ventures Investment Partners, valuing the company at $300 million.
Powered to keep students engaged throughout learning, Kami as a platform has exceeded its humble global ambitions.
Having been around for a few years now, with its success peaking during Covid-19 and reaching over 40 million users, Kami’s recent achievement of receiving investment from Boston Ventures Investment Partners (BV) has skyrocketed the start-up’s valuation.
“We’ve always been ambitious at Kami, which is why we have over 40 million teachers and students signed up, and now is the time to own the global edtech space. BV is the right strategic partner to achieve our goals and continue our mission to scale to the next level,” says Hengjie Wang, co-founder and CEO of Kami.
“At its core, Kami is a founder-led business that has yielded growth by solving real problems faced by teachers and their students. While accelerating our growth with the support of BV, we remain committed to our core mission and values. Our global team including the founders, our operations and day-to-day business functions will continue unchanged.”
BV is joining up with Kami to be its US-based global growth partner.
With the investment, Kami is working to replicate its success of capturing 90% of the US K-12 schools in other markets.
Read more: Kami named one of the most influential companies in the world
“We pride ourselves on scaling businesses with strong potential, founders, and existing operations. Kami ticks all of our boxes and has proven itself as an indispensable platform for classrooms across the globe. Investing in Kami was a no-brainer for our team, and we’re excited to use our expertise to support their growth,” says Zach Polich, Vice President of BV.
But not only has it amplified its valuation, Kami has now delivered a 75 time return for Kiwi taxpayers through NZ Growth Capital Partners (NZGCP).
James Pinner, Chief Investment Officer at NZGCP says they have been an early investor of Kami since 2014 and has since been a success story and example of how NZ tech can impact millions across the world.
“This is the primary reason why NZGCP exists, to help inject capital into the many great ideas and minds of Kiwi entrepreneurs and help build great tech to take to the world. This transaction allows us and other investors to recycle the proceeds into the next generation of exciting startups all aiming to be as impactful as Kami.”
With its success, Kami is going to continue its operation in Auckland, New Zealand whilst still offering its premium platform for free to all New Zealand schools as a way of giving back to its local community.
