Circalit, a London, UK-based digital publishing platform, has closed a funding of undisclosed amount.
Backers include a syndicate of Angels in the City investing alongside LBAs (London Business Angels).
The company intends to use the funding to expand resources, bolster technical development and accelerate growth.
Led by Raoul Tawadey, CEO, Circalit aims to become the “youtube for ebooks”. It has developed an innovative digital publishing platform where writers can publish their books on web and mobile, and sell directly to readers at the price they choose.
Content is distributed through Facebook, APIs, Twitter and widgets.