LibreDigital Inc., an Austin, Texas-based provider of an online warehouse and distribution platform for book and newspaper publishers, has raised $8.1 million in Series C funding. Return backers include Adams Capital Management and Triangle Peak Partners. The company previously raised around $19 million from Adams, Triangle Peak, HarperCollins Publishers, The New York Times Co. and Noro-Moseley Partners.
LibreDigital , Inc. today announced that it has closed an $8.1 million Series C funding round led by new investor S3 Ventures with participation from existing investors Adams Capital Management and Triangle Peak Partners. The company’s other key investors include HarperCollins Publishers, The New York Times Company and Noro-Moseley Partners. The new capital infusion will be used by LibreDigital to expand e-book services for publishers looking to capitalize on the unprecedented demand for e-books, which is being driven by the release of new devices like the Apple iPad. In addition to being a top Apple e-book aggregator, LibreDigital also powers the delivery of content to other digital devices and marketplaces, including Barnes & Noble NOOK, Amazon Kindle, Sony Reader, Google Editions and many more.
“The popularity of the iPad has accelerated the demand for e-books at a much faster pace than many in the industry had previously predicted,” said Brian R. Smith, Managing Director of S3 Ventures. “We’re making this investment to help LibreDigital speed the delivery of products that help the world’s top publishers and e-reader manufacturers bring the highest quality reading experience to digital consumers.”
In addition to the funding, LibreDigital today announced the appointment of several key executives to its management team, see: (Link to release).
LibreDigital enables publishers, distributors and device manufacturers to securely market and deliver content across an expanding number of digital channels, including e-readers, tablets, smart phones, social networks and online stores. The company offers solutions designed to deliver digital books, newspapers and magazines in the highest quality format possible.
“This year, sales of e-books are expected to double to more than $700 million in the U.S. alone,” said Russell P. Reeder , President and CEO of LibreDigital, Inc. “This funding will be used to accelerate the delivery of e-books, and expand our technology offerings to include new solutions that help publishers better promote and sell books to digital consumers.”
Working with the world’s top publishers, content distributors and device manufacturers, LibreDigital powers billions of page views to millions of consumers worldwide. For more information on LibreDigital, visit http://www.libredigital.com . Twitter: @LibreDigital .
About S3 Ventures
S3 Ventures is an early-stage venture capital firm investing in companies which address large market opportunities in the technology and medical device sectors. S3 invests primarily around the Southwest with a focus on Texas. With offices located in Austin and Houston, S3’s team is a group of seasoned investors and successful entrepreneurs who have repeatedly built companies into great returns for investors. S3 helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a methodical fashion.
LibreDigital enables publishers to manage and market digital content, providing a web-based warehouse and distribution platform for six of the top ten book publishers and over 175 newspapers and periodicals. LibreDigital solutions allow publishers to store and secure digital content in any form, and to deliver content on-demand to any marketplace or device – including the Apple iBookstore, the Blio eReader, Amazon Kindle, Barnes & Noble NOOK, Sony Reader and many more.
LibreDigital serves the world’s top firms including HarperCollins Publishers, Hachette Book Group, Kaplan, Simon & Schuster and Scholastic. Backed by Adams Capital Management, Triangle Peak Partners, S3 Ventures, Noro-Moseley Partners, the New York Times Company, and HarperCollins Publishers, LibreDigital partners with a number of industry leaders, including Baker & Taylor, to provide a full range of solutions. LibreDigital is based in Austin, Texas, with offices in New York City and London.