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March 8, 2011 08:54 pm GMT
E-book retailer Kobo has announced a new Series C round of funding. The company did not disclose the amount raised but said that the investments was led by a major institutional investor and previous investor Indigo Books & Music also participated in the round. Kobo previously raised $16 million in funding. According to the release, the new funding will be used towards product development and international expansion with new distribution partners. Of course, one of Kobo's main distribution partners, Borders, recently filed for bankruptcy. Kobo powered and developed a Borders' branded e-bookstore and reader. Kobo assured users that despite the bankruptcy, Borders' Kobo readers and bookstores would be fully operational. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pj1ZVRiV4ag/
In The Search For New Distribution Partners, E-Book Retailer Kobo Raises More Funding
E-book retailer Kobo has announced a new Series C round of funding. The company did not disclose the amount raised but said that the investments was led by a major institutional investor and previous investor Indigo Books & Music also participated in the round. Kobo previously raised $16 million in funding. According to the release, the new funding will be used towards product development and international expansion with new distribution partners. Of course, one of Kobo's main distribution partners, Borders, recently filed for bankruptcy. Kobo powered and developed a Borders' branded e-bookstore and reader. Kobo assured users that despite the bankruptcy, Borders' Kobo readers and bookstores would be fully operational. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pj1ZVRiV4ag/
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