US firm takes controlling stake in NZ’s Kami at $300m valuation

Kami co-founders Bob Drummond, Alliv Samson, Hengjie Wang and Jordan Thoms. (Image: Supplied)

Thu, 22 Aug 2024

A US private equity firm has taken a controlling stake in one of New Zealand’s fastest-growing software firms – Auckland-based Kami, whose online tools are used by some 40 million teachers and students worldwide.But Kami’s founders say they will continue to lead the firm long-term and keep core operations and a majority of staff in NZ. They say the deal will help Kami grow – and that profits from the transaction will be fed into other Kiwi startups.Boston Ventures invested in Kami at a $300m valuation.That makes it the s...

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