Screwpulp, a Memphis, TN-based ebook publishing platform that enables authors and readers to connect, raised $330k in seed funding.
The round was led by Start Co. Angels, a Memphis-based, angel investment group, with participation from archer>malmo ventures and other angels. In addition to the investment, Brad Silver, CEO of Quire, and Joe Wikert, formerly with O’Reilly Media, will join the board.
The company intends to use the funds to enhance the shopping and reading experience for readers and improve the publishing tools offered to authors.
Led by CEO Richard Billings, Screwpulp provides a platform that allows authors with tools to publish and market their work. Its crowd driven pricing model helps market and build demand for each book by allowing readers to drive the pricing and content.
The platform accepts book submissions across a wide range of genres with no exclusivity and allows one free download a day for users.
In a prior round, the company had received an investment from Seed Hatchery, a Start Co. accelerator program based in Memphis, TN and Solidus Company, based in Nashville, TN.