Feedbooks Raises €1m, Hits 3.5m Downloads Per Month
March 13, 2012 | 9:25 am
By Paul Biba
According to Publishing Perspectives Feedbooks received this financing from A Plus Finance.
Check out this article about Feedbooks in Publishing Perspectives:
PARIS: Though just 27 years old, Hadrien Gardeur is a veteran of the war to win e-book readers. Gardeur co-founded his company Feedbooks -– a cloud publishing and distribution service for e-books -– during the summer of 2007 when he was in his last year of computer science engineering school. Three and a half years later, Feedbooks distributes some three million e-books each month to a growing community of readers on multiple platforms, in the US and France, and is looking to add other major European markets in the near term.
After opening its e-bookstore last summer Gardeur, who serves as the company’s CEO, and Feedbooks co-founder Loïc Roussel, launched a mobile platform via the popular Aldiko application for Android, which supports ePUB and PDF e-book formats, as well as Adobe DRM (and was just yesterday updated to version 2.0).
Given that most of their readers download to mobile devices, getting mobile distribution just right was essential. Smartphones are perfect, says Gardeur, for “short bursts of reading while you’re in the subway or waiting in line . . . Rather than playing a game or listening to music you can read.” Today Feedbooks’ e-bookstore stands to be extremely lucrative for the company which has a revenue sharing system for book sales.