Kakai Raises $7.5 Million From Andreessen Horowitz, Josh Kopelman, and Ron Conway
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.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry