Bookclubs, a company that offers an online platform and app for book club management, has raised $1.07 million in new funding from nine investors, according to a Securities and Exchange Commission filing from July.
CEO and co-founder Anna Ford said in an interview her company is continuing to actively raise funds and won’t close the round until September. She said the new tranche includes seven follow-on commitments from previous investors.
Ford plans to use the new funding to accelerate user growth by refining the company’s core product and grow its marketing and sales. She said the company wants to invest more in its Join a Bookclub marketplace, a forum open to anyone that invites readers to follow their interests and find a club that’s the right fit for their tastes.
“It’s home to 300 clubs, online or location-based,” Ford said of the marketplace. “Anyone can find the perfect club for them. You can search by book, look for clubs that meet virtually and by size. We want…
Read the full story from the Washington Business Journal.
