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Bibliotech raises $4m, will double London staff
E-textbook platform Bibliotech has raised $4.2m in its latest funding round and plans to double the size of its 15-strong software and sales team in London over the next two years.
The company will also expand its operations at its base in Chicago.
Founder David Sherwood said: “Students want their educational content online, personalised and aggregated, just like their news, their music and their TV. Bibliotech can provide that for textbooks and more, and I think that is what investors are responding to.”He added: “I’m looking forward to expanding our London headquarters, adding software engineers and sales and admit to support our growing UK customer base which includes 25 universities.”
The most recent UK institutions to partner with Bibliotech are Sheffield and Leicester universities and London Business School.
The company works with more than 1,000 publishers including Pearson, McGraw Hill, OUP, Cengage, Pearson, Macmillan, Wiley, Taylor & Francis and Elsevier.
