E-book and audiobook subscription service Scribd raises $58M led by Spectrum Equity, bringing its total raised to $106M
Digital reading subscription service Scribd has raised a $58 million round of funding led by Spectrum Equity. The new funding round brings the total amount of money raised by Scribd to $106 million.
Scribd says its reading service has surpassed 1M subscribers paying $8.99/month, up 40% YoY, and the number of users listening to audiobooks has doubled
Andrew Liptak / The Verge :
Scribd found that paying publishers based on how much readers read is too expensive in genres like romance
Laura Hazard Owen / Nieman Lab :
Scribd Raises $22M For Its Subscription E-Book Service
Scribd, a company offering unlimited access to half a million e-books for $8.99 a month, is announcing that it has raised $22 million in additional funding. — The round was led by Khosla Ventures, w...
Scribd Raises $22M For Its Subscription E-Book Service
Scribd, a company offering unlimited access to half a million e-books for $8.99 a month, is announcing that it has raised $22 million in additional funding. — The round was led by Khosla Ventures, w...