Friday, August 5, 2011

Rival Chegg CampusBookRentals.com closes $ 20 million round of financing

Robin Wauters is currently staff writer for TechCrunch and lead editor of Virtualization.com. In addition to its activities, professional blogging, he is an entrepreneur, the organizer of the event, from time to time the Council consultant and an angel investor, but the most important champion of the full launch. He lives and works in Belgium, a small country in Europe. He can often be found work from their home or ... ? Read More

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CampusBookRentals.com, a company that allows customers of the approximately 5600 campus Rent textbooks online, in the morning, announced a series of fully funding growth equity and credit facilities, raised more than $ 20 million.

The company, which competes with the company-Chegg and BookRenter.com, among others, said he is growing like gangbusters, recently moved to a new object of the 57 000 square feet to support its growth in more than 100 current staff (compared to 30 a year ago).

CampusBookRentals.com, which was started from Director Alan Martin basement back in 2007, said that it was profitable, since shortly after its creation and that he enjoys triple digital growth recently. The company recently added Scott Klossner, COO & financial director at Backcountry.com, to its Board of Directors.

CampusBookRentals.com allows the student book search ISBN, title, author or keyword, and offers free shipping and from their home or college dorm. Delightfully for every book rented, the company donates a portion of their proceeds to operation smile, a non-profit organization dedicated to providing cleft lip surgeries for children in need of correction.

Funding round was led by the level of equity capital and five ELMS Cherokee & Walker.


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