Subscription Kids Book Club Literati Raises $12 Million in Funding
Literati is on a mission to inspire kids ages 0 to 12 to become readers for life. The Austin-based subscription book club announced it secured $12 million in new capital in a Series A funding round led by Nikhil Basu Triveldi at Shasta Ventures, that will help it do just that. Other investors include Dick Costolo of 01 Advisors, Katie Jacobs Stanton and Jessica Verilli of #Angels, Dan Graham of Austins Springdale Ventures, Kevin Hartz, Thomas Lehrman, Allan Hubbard, Founders Fund Pathfinder, Silverton Partners and Brent Montgomery of Wheelhouse. The three-year-old Literati will use the infusion of cash to grow the business and hire new employees.
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