Open Road Integrated Media Raises $11M in Series C Financing

Open Road Integrated Media, Inc., a New York City-based digital publisher and multimedia content company, raised $11m in Series C financing.

The round was led by NewSpring Capital, with participation from existing investors Kohlberg Ventures, Azure Capital and Golden Seeds. In conjunction with the funding, Mike DiPiano, managing general partner of NewSpring, joined Open Road’s board of directors.

Led by Jane Friedman, cofounder and chief executive officer, Open Road publishes and markets over four thousand ebooks from more than five hundred authors.
The catalog includes literary fiction from authors such as Pat Conroy, Alice Walker, Iris Murdoch, Michael Chabon, and James Jones, as well as writers across a wide variety of verticals and genres, including Pearl S. Buck, Dorothy L. Sayers, Virginia Hamilton, John Jakes, and Octavia E. Butler.
The company also works with independent publishers to digitally publish and market their ebooks, both backlist and frontlist titles.

It is hiring in NYC (read here).



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