BookBub, a Cambridge, Mass.-based free service that allows readers to find ebook deals, closed $3.8m in Series A financing.
Backers included NextView Ventures, Founder Collective, Avalon Ventures and Bloomberg Beta.
The company intends to use the funds to grow the team, expand internationally, and launch additional products for its members and partners.
Launched in 2012 by Josh Schanker, president, BookBub provides almost 3 million members with a platform to discover limited-time deals on acclaimed ebooks. Leading, mid-sized and small publishing houses, and thousands of independent authors have featured more than 10,000 ebook deals through BookBub.
The company is profitable.