Kami Investment from BV Investment Partners
Kami is a Classroom platform, focused on improving student engagement and learning outcomes while saving teachers’ time.
BOSTON, MA & AUCKLAND, NEW ZEALAND: GrowthPoint is pleased and honored to have advised Kami, a leading classroom engagement platform to the US and global K12 market, with over 40 million teachers & students on the platform across over 2,000 US districts and 180 countries around the world, on its strategic growth investment from BV Investment Partners (“BV”). The investment values Kami at more than $175M USD.
The strategic growth investment from BV will accelerate Kami’s existing ambitions and help the platform reach every classroom in the world, deepening its US centric focus and expanding globally, signaling a new chapter and phase for Kami.
“Kami has uniquely positioned itself as a leader in the K12 education market, providing innovative digital solutions that empower over 40 million educators and students worldwide. This transaction marks an exciting new chapter for Kami, and we are thrilled to leverage our extensive experience in the U.S. and New Zealand markets to help them achieve their global growth ambitions. We are confident the company is poised for tremendous success in the years ahead.”
Alex Loukas, Managing Director at GrowthPoint
Kami will continue to operate from Auckland, New Zealand, with all four founders remaining in the business.
“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, deepening and expanding our presence from our US focus today. BV is the right strategic partner to achieve our goals and continue our mission to scale to the next level,” said Hengjie Wang, co-founder and CEO of Kami.
Jason Kustka, Managing Director of BV, commented, “We have invested in and helped to scale a number of exciting education-focused businesses that deliver affordable and effective solutions that accelerate learning. Kami provides students and teachers with the tools they need to enhance modern learning and create more equitable quality education. Kami’s mission, rooted in transforming the learning environment in the tech-enabled K12 classroom creates a unique position to strengthen its already dominant position as a leading classroom engagement solution of choice. We look forward to partnering with the talented Kami team to advance their mission.”
BV’s investment also equips Kami with a US-based global growth partner. BV’s tailored expertise will help Kami accelerate its US success and replicate that on a global scale.
ABOUT BV INVESTMENT PARTNERS
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested approximately $5.5 billion, actively targeting investments in the tech-enabled business services, software, and IT services industries. The firm is investing out of its 11th private equity fund, which closed in September 2023 with $1.75 billion in capital commitments. BV was ranked in Inc. magazine’s 2023 list of Founder-Friendly Investors.
ABOUT KAMI
Kami was developed in Aotearoa, New Zealand by four university friends who wanted to make a difference. Eleven years later, the business has grown into a team of over 100 Kamileons, and a global community of over 40 million teachers and students. The EdTech platform’s accessible annotation, AI-powered assessment, and greater insights mean teachers have everything they need for every student to succeed. Today, Kami’s mission remains the same – to bring Kami to every classroom in the world. To learn more about Kami, visit https://www.kamiapp.com.