College textbook rental startup BookRenter has raised $40 million in funding from Adams Capital Management, Comerica Bank, Focus Ventures, Lighthouse Capital Partners, Norwest Venture Partners, and Storm Ventures. This brings BookRenter’s total funding to $60 million.
Similar to Chegg, Bookrenter wants to be the Netflix of textbook rentals. By renting textbooks, Students are able to save money by… → Read More
The textbook rental market is heating up as school season gets in full swing. Chegg recently made its first acquisition of CourseRank, and Barnes and Noble is also playing in the space. College textbook rental startup BookRenter is also taking part in this growing market, reporting 725 percent growth in revenue from textbook rentals since last September. The company says that revenue is expected… → Read More
Textbooks are an incredibly expensive investment. And the majority of the time, you only need the textbook for a short duration. College textbook rental startup BookRenter is trying to make the process of buying textbooks more affordable by loaning books to students for a fixed duration. And today, the company is announcing that it received $10 million in a Series B financing round led by Norwest… → Read More
Anyone who has bought a textbook, whether during college or graduate school, understands how expensive they can be. College textbook rental startup BookRenter is trying to make the process of buying textbooks more affordable through its online site which loans books to students for a fixed duration. Today, the startup is opening up its platform to other sites to allow any college or business to… → Read More
Who exactly is the market leader in textbook rentals is no longer just an academic debate. Online textbook rental service Chegg recently sent its rival BookRenter.co a lawyer letter (embedded below) demanding that it stop using the phrase “#1 In Textbook Rentals” on its Website. That is Chegg’s marketing slogan, and it even registered the phrase as a trademark in 2008.
But how can a company… → Read More
After test-piloting a textbook rental program at three campus stores, Barnes & Noble College is rolling out the program more broadly to 25 U.S. colleges. Students will be able to rent textbooks from their campus bookstores, online, or from Barnes & Noble stores on campus. Students who want to rent online will be able to do so through their campus bookstore websites, such as Ohio State’s… → Read More
Earlier this month college textbook rental company Chegg raised $112M as part of a combined Series D and debt round, bringing the total raised by the company to a massive $144M. Competitor BookRenter will tomorrow announce a Series A round of $6M, raised from Storm Ventures and Adams Capital Management. BookRenter has only raised a fraction of the capital of their competitor Chegg, but the… → Read More