7 years ago

Perlego Raises $4.8 Million to Expand its 'Spotify for Textbooks' Platform

  • Perlego, a London-based startup aiming to be the "Spotify for textbooks", has secured $4.8 million in funding led by ADV, with participation from existing angel investors, including Lovefilm Co-founder Simon Franks and Zoopla founder Alex Chesterman

  • The funding will be used to grow the team, expand across the UK and Europe, and further develop its product for students and professionals

  • Perlego provides unlimited access to a digital library of academic and business eBooks for £12 a month, collaborating with over 650 publishers, including Oxford University Press, Princeton University Press, and Macmillan Higher Education

  • The company aims to help publishers monetize their content and provide data on title consumption.

      • ProblemEducation

      "Textbook prices have increased more than fifteen-fold since 1970, placing a significant financial burden on students."

      Solution

      "Perlego offers students and professionals unlimited access to a vast digital library of academic and business eBooks for a monthly subscription fee, providing a more affordable alternative to purchasing expensive textbooks."

      Covered on