Press Release: BookBub Raises $3.8 Million in Series A Funding
BookBub today announced it has raised $3.8 million in Series A funding. Investors include NextView Ventures, Founder Collective, Avalon Ventures, and Bloomberg Beta.
The company, which helps readers discover limited-time deals on acclaimed ebooks, has tripled in size since early last year and is nearing 3 million members. All of the Big Five publishers, leading mid-sized and small publishing houses, and thousands of bestselling independent authors have collectively featured more than 10,000 ebook deals through BookBub. Members purchase more than one million ebooks per month as a result of the service, a number that does not include the significant number of free ebooks also downloaded. In total, BookBub is driving millions of dollars in ebook sales each month.