Scribd raises $58M for subscription e-books and audiobooks

Scribd has raised $58 million in new funding led by growth firm Spectrum Equity. The company first launched as a document-sharing service in 2007 before creating an e-book subscription in 2013. It now offers access to a library of e-books, audiobooks, newspapers and magazines for $8.99 per month. (Access is unlimited for most subscribers, but … Continue reading Scribd raises $58M for subscription e-books and audiobooks