Perlego, a London, UK-based e-book platform, secured £500K in seed funding.
Private angels from the United Kingdom, Belgium and France participated in the round including Simon Franks, who co-founded film rental service LOVEFiLM and film distribution company Redbus.
The company intends to use the funds to grow the team, publishing partnerships and continue developing the platform.
Founded by Gauthier Van Malderen and Matthew Davis, Perlego offers academic and professional e-books under a monthly subscription fee. The company has already partnered up with over 240 publishers including Packtpublishing, Oxford University Press, Palgrave and Elsevier, offering over 85,000 ebooks to date.