The ebook subscription market continues to heat up.
Scribd confirmed Friday that it has raised $22 million in funding to double down on its ebook subscription service
“This new funding round will enable us to work towards achieving our goal of creating the most comprehensive library of the future for our millions of users around the world," Trip Adler, cofounder and CEO of Scribd, said in a statement.
Scribd, a popular document sharing service that launched in 2007, introduced an unlimited ebook subscription service in late 2013, joining a growing number of startups trying to do for ebooks what Netflix did for moviesScribd's offering, which costs $8.95 per month, now includes ebooks from two of the big five publishers and a host of smaller publishing houses. Read more...
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