LibreDigital Raises $4 Million For Digital Reading Technologies
Digital publishing company LibreDigital (formerly known as NewsStand, Inc.) has secured $4 million in debt funding, the company announced this morning (an SEC filing shows they had recently raised $1.3 million for the round).
According to the digital reading pioneer, the capital will be used to help the company go to market faster and support innovation in new reading technology for books, magazines and newspapers.
In 2010, LibreDigital became a preferred content aggregator for Apple’s iBookstore and has risen to become one of the largest providers of book content to Apple. The company also forged deals to provide high-res magazines and newspapers to color reading platforms including NOOKcolor, Sony and others.
In addition, LibreDigital provides an HTML5 reader for major publishers who are offering free content in the Starbucks Digital Network via the Bookish Reading Club. The company also handles e-book distribution for 7 of the 10 largest US trade publishers, providing electronic replica editions for The New York Times, e-book fulfillment for partners like Baker & Taylor/Blio and Harlequin, and book, magazine, and newspaper distribution to more than 50 digital retail marketplaces including Amazon, Google, Apple, Barnes & Noble and Sony.
LibreDigital is backed by Adams Capital Management, Triangle Peak Partners, S3 Ventures, Noro-Moseley Partners and HarperCollins Publishers.
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