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TheReadingRoom Secures $2.75M in Funding & Opens New York Office
New Funds Will Fuel Firm’s Accelerated Growth in the United States
(NEW YORK) December 3, 2013 – TheReadingRoom, the leading independent online portal for avid readers to discover new books, today announced that it had successfully completed its latest round of funding, raising $2.75 million through the support of existing shareholders and other private investors.
With this new capital, TheReadingRoom plans to continue to drive membership and implement a range of site enhancements and commercial partnerships. TheReadingRoom also announced that it has relocated its sales and marketing team to the New York City office, including the founder and CEO Kim Anderson, the head of Sales Cara Codemo, and Marketing Director Ben Aronsten. The office is located at 205 Hudson Street, Level 9; New York, NY 10013. TheReadingRoom will retain its offices in London and Sydney.
“We are empowered by our investors’ commitment to our business, as demonstrated by their financial support to fuel our continued growth,” said Kim Anderson, Chief Executive Officer, TheReadingRoom. “The funds raised today will enable us to meet the growing demand for TheReadingRoom to be the online platform of choice for readers to discover new authors, classics and those hidden gems, and importantly to connect with other, like-minded readers. TheReadingRoom can now accelerate its expansion across the United States and North America.”
About TheReadingRoom
TheReadingRoom is one of the fastest growing book-centric social discovery platforms in the world. It has redefined ‘the independent bookseller’ allowing you to connect with like-minded people to share your favourite books, get trusted recommendations and read reviews from a global community, and trusted sources such as the New York Times & The Guardian (UK).
There are millions of books to discover at TheReadingRoom. So whether you’re relaxing at home or out and about, finding your next great read is easy. Choose what you want to read or let TheReadingRoom recommend something for you. You might even want to just browse the bookshelves of friends or like-minded readers.
TheReadingRoom. Your Place for Books.
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For press inquiries, please contact:
Jeff Salzgeber
(512) 743-2659
jeff@radiantmediagroup.com
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