Scribd, a San Francisco, CA-based subscription book service, raised $22m in funding.
The round was led by Khosla Ventures with participation from Redpoint Ventures, Charles River Ventures and Silicon Valley Bank. In conjunction with the financing, Keith Rabois, joined Scribd’s board as an observer.
The company, which has now raised $48m, intends to use the funds to accelerate hiring, content acquisition efforts and international expansion.
Launched in 2007 by Trip Adler, CEO, and Jared Friedman, Scribd provides a subscription book service with more than half a million e-books and 30K audiobooks across every genre. It is available on iOS, Android, Kindle Fire, Nook tablets and the web.
The company was also backed by Y Combinator.
FinSMEs
03/01/2014