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Former Kobo CEO Serbinis venture fund invests in BitLit

Posted at 4:03PM Thursday 22 May 2014

Chances are, you've got a good number of those old-school physical books in your house but have mostly moved to e-books at this point. What if you could potentially get a cheap or free e-book copy of some of those books? That's what BitLit promises its users.

The Vancouver, Canada-based startup is working with publishers directly to offer readers discounted or free e-book versions of the physical books they already own. In addition, BitLit makes it easier for publishers to bundle e-books with their physical books.

The service is currently available in the US, Canada and UK.

The company today announced that it has raised a seed round from Kobo's founder and former CEO Michael Serbinis' new Three Angels Capital, as well as from BDC Venture Capital, WUTIF's Mike Voker and Vancouver super angel Jim Fletcher.

techcrunch.com

digitalbookworld.com




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