LibreDigital Secures $8.1 Million in Funding to Accelerate Delivery of E-books
S3 Ventures Leads Round with Support from Adams Capital Management and Triangle Peak Partners
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LibreDigital%20Inc.<%2Fa>%20today%20announced%20that%20it%20has%20closed%20an%20$8.1%20million%20Series%20C%20funding%20round%20led%20by%20new%20investor%20S3%20Ventures%20with%20participation%20from%20existing%20investors%20Adams%20Capital%20Management%20and%20Triangle%20Peak%20Partners.%20The%20company's%20other%20key%20investors%20include%20HarperCollins%20Publishers,%20The%20New%20York%20Times%20Company%20and%20Noro-Moseley%20Partners.%20The%20new%20capital%20infusion%20will%20be%20used%20by%20LibreDigital%20to%20expand%20e-book%20services%20for%20publishers%20looking%20to%20capitalize%20on%20the%20unprecedented%20demand%20for%20e-books,%20which%20is%20being%20driven%20by%20the%20release%20of%20new%20devices%20like%20the%20Apple%20iPad.%20In%20addition%20to%20being%20a%20top%20Apple%20e-book%20aggregator,%20LibreDigital%20also%20powers%20the%20delivery%20of%20content%20to%20other%20digital%20devices%20and%20marketplaces,%20including%20Barnes%20%26%20Noble%20NOOK,%20Amazon%20Kindle,%20Sony%20Reader,%20Google%20Editions%20and%20many%20more.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Farticle%2Flibredigital-secures-81-million-funding-accelerate-delivery-e-books%2F" target="_blank" class="email" data-post-id="5001" type="icon_link">
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"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."
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