Inkling raised $16m in a new funding round, as the digital publishing and sales platform secures new deals with publishers Pearson and Elsevier. San Fransisco-based Inkling provides a series of academic and medical eBooks toApple iPads and iPhones, with plans to expand to the Android platform in the near future. A pair of new deals […]
Inkling raised $16m in a new funding round, as the digital publishing and sales platform secures new deals with publishers Pearson and Elsevier.
San Fransisco-based Inkling provides a series of academic and medical eBooks toApple iPads and iPhones, with plans to expand to the Android platform in the near future.
A pair of new deals with Pearson and Elsevier will see the publishers use Inkling’s Habitat content management and creation technology to create and digitize new educational and academic products.
“The two largest publishers in the world have adopted Inkling to build their next-generation learning and reference platforms,” said Matt MacInnis, Founder and CEO of Inkling. “In just four months since launching, Inkling Habitat is becoming the standard for how people build digital content.”
Alongside Inkling’s existing library, over 1,000 new academic and medical titles will be made available through the Inkling Store on the web, iPad, iPhone and, soon, Android tablets and phones.
The new funding boost means that to date, the company has raised a reported $33m in funding in two rounds as well as $20 million in debt (the amount it raised in its August 2010 Series A round was not disclosed).
Sequoia Capital, through its Growth Fund, recently led a $16 million series C investment in the company.
“Inkling is clearly leading the transformation in digital publishing,” said Bryan Schreier, partner at Sequoia Capital. “We studied the industry, and it was clear that only Inkling’s platform could deliver the full promise of interactive books to both publishers and consumers. They’ve set the standard.”
Hundreds of publishers, including Pearson, Elsevier, McGraw-Hill and Wolters Kluwer, are now using the Inkling platform to manage their transition to digital publishing.
www.inkling.com
