Zola Books, a NY-based technology company whose products enable book discovery and retail across the web, closed an approx. $3.4m follow-on investment round.
The round was led by Charles Dolan, founder of Cablevision and HBO, who also led the $5.1m initial round of financing that Zola raised in late 2013.
Founded in late 2011, Zola Books recently launched the “Everywhere Store” widget, which allows – adding a few lines of code – anyone to sell any book online.
The company, which has acquired the complete catalog of all major publishers, including Penguin Random House, HarperCollins, Hachette, Simon & Schuster, and Macmillan, enables the retail of new works by traditionally published authors as well as self-published authors, making it possible for any website (including independent bookseller sites, author sites, and media sites) to sell a complete range of trade books.
Zola Books’ recommendation engine, Bookish Recommends, is being used by millions of patrons every month at more than a dozen libraries throughout North America;
The company acquired Bookish Recommends in 2014 from Bookish LLC, a venture founded by Penguin, Simon & Schuster, and Hachette, for an undisclosed sum.