Surprised, BookRenter.com Rushes Out Funding News
Who knew that the world of renting college textbooks could be so competitive -- or so dramatic? Following Chegg.com's announcement last week of its whopping $112 million in funding -- $57 million in Series D equity led by Insight Venture Partners, plus $25 million in credit and $30 million in debt -- BookRenter.com rushed out a press release today announcing that it too had raised funding: A $6 million Series A round from Storm Ventures and Adams Capital. BookRenter's round was really raised back in September, and both BookRenter's CEO, Mehdi Maghsoodnia, and one of Bookrenter's venture backers say they were wary of announcing it at all.
24 November 2009•3 mins read
