CampusBookRentals.com, an Ogden, UT-based online textbook rental market, raised $20m in debt and equity financing.
Investors include Level Equity, Five Elms Capital and Cherokee & Walker.
The company intends to use the funds to continue to expand its operations. To this end, it recently added e-commerce veteran Scott Klossner, Chief Operating & Financial Officer at Backcountry.com, to its Board of Directors.
Founded in 2007 by CEO Alan Martin CampusBookRentals.com allows students to search for and select their textbooks and appropriate rental period (semester, quarter, summer, etc.). They can also take advantage of free shipping to and from their home or college dorm.
According to a written statement, the company currently serves customers on nearly 5,600 college campuses.