Provider of an online subscription based social library intended to offer a wide range of reading items on any device. The company's online subscription based social library features books, audiobooks, news, magazines, documents and music sheets, enabling users to stay informed, discover new passions and read and learn anything anytime as per their need.
Generating Revenue
Privately Held (backing)
Venture Capital-Backed
The company raised $22 million of Series D venture funding in a deal led by Khosla Ventures on January 2, 2015, putting the pre-money valuation at $145.65 million. Redpoint Ventures, Charles River Ventures, George Zachary, Keith Rabois and SVB Capital also participated in the round. The company intends to use the funds to accelerate hiring, content acquisition efforts and international expansion.
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