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Former Kobo CEO Serbinis venture fund invests in BitLit

Posted at 5:03PM 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.

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