Kakai Raises $7.5 Million From Andreessen Horowitz, Josh Kopelman, and Ron Conway
Amit Chowdhry | Thursday December 24, 2009 | 1,081 views
Kakai is a stealth company that was started by Chegg founder Osman Rashid and Babur Habib. Interestingly Kakai is still in stealth and raised a Series B round of funding already. The second round is $7.5 million and the investors include venture capital firm Andreessen Horowitz, Josh Kopelman, and Ron Conway. Marc Andreessen is joining Kakai’s board of directors as a result of the funding.
Kakai’s previously raised $1.85 million in Series A from Osman Rashid and Mike Maples. Rumor has it that Kakai has something to do with electronic readers. The portable consumer electronics products made by Kakai will be Linux-based. Kakai currently has about 40 employees. Rashid’s other company Chegg.com has about $144 million in funding and was started in 2005.
Categorized under Andreessen Horowitz, Babur Habib, Ben Horowitz, Chegg, Josh Kopelman, Kakai, Marc Andreessen, Osman Rashid, Ron Conway
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