US bank Goldman Sachs has joined Intel’s corporate venturing arm and US media company Advance Publications as backers of Kno, a US education software company.
Intel Capital, the corporate venturing unit of US chip maker Intel, invested in Kno’s $30m series C round in April. Kno is also backed by venture capital and early stage investors Andreesen Horowitz, First Round Capital, Floodgate and SV Angels.
Founded in 2009, in September Kno raised $46m in equity and debt financing and has now raised a total of $95m.
Kno is the second education-related start-up founded by Osman Rashid, the company’s chief executive. In 2005, he co-founded online textbook rental provider Chegg and led the company to $100m in annual sales in less than five years while also raising seed funding for Kno, which was then called Kakai.