Sunday, May 23, 2010
LibreDigital secures $8.1 million in funding to accelerate delivery of e-books
"LibreDigital, Inc. has 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"