Digital media services company LibreDigital Inc, US, has announced that it has closed a $15 million second round of funding led by new investor Triangle Peak Partners and existing investor Adams Capital Management. The company’s other key investors include HarperCollins Publishers, New York Times Company and Noro-Moseley Partners. LibreDigital will use the new funds to expand marketing and development of its digital platform, which is designed to help publishers go direct to consumers as they access, buy, read and share content across online and mobile platforms.
David L. Pesikoff of Triangle Peak has joined the LibreDigital board. Others on the board include Martin Neath, Chairman and General Partner of Adams Capital Management; Brian Murray, CEO of HarperCollins Publishers; Scott Heekin-Canedy, President of New York Times Company; and Jeremy Halbreich, CEO, Sun Times Media Group.
LibreDigital works with six leading global book publishers, including HarperCollins Publishers, Hachette Book Group, Simon & Schuster and Wiley, and many of the leading newspapers. It helps them to deliver their content across an expanding array of digital channels, including e-readers, search engines, online stores and mobile devices. LibreDigital also helps publishers market and control their works across digital formats, including ePub and other e-books formats, eInk, online, mobile and new print-on-demand delivery options.
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