BookBub, a Cambridge, Massachusetts, USA-based service for publishers and authors looking to reach new readers through limited-time ebook deals, closed $7m in new equity and debt financing.
Investors were not named.
The company intends to use the funds to grow the team further.
Founded in 2012, BookBub operates a free service that allows readers to discover deals on ebooks while providing publishers and authors with a way to drive sales and find new fans. It offers members a personalized daily email alerting them to the best free and discounted titles matching their interests as selected by the company’s editorial team. BookBub works with all major ebook retailers and devices and has more than 5 million members in UK, Canada, and India.