Ireland-based eBook distributor ePub Direct announced today that they have secured €1.3 million in funding, and they plan to grow their business supplying eBooks to digital retailers.
ePub Direct, which was launched in 2009 by Gareth Cuddy, supplies content to 116 stores including Amazon Apple, and Waterstones and to over 15,000 online libraries. ePub Direct says that it wants to become Europe’s leading eBook distributor.
Commenting on the announcement Gareth Cuddy, CEO of ePub Direct, said: “We’re delighted to secure this investment which will allow us to expand and strengthen our team and help us realize our ambition of becoming the leading eBook distributor in Europe. In addition to the actual funding, the combined expertise and contact network of NCB and Enterprise Ireland will be invaluable to our business as we embark on the next exciting phase of our growth and development strategy.”
The funding round was led by The Ulster Bank Diageo Venture Fund, a €75 million targeting companies in Northern Ireland and the Republic Of Ireland, and is managed by NCB Ventures. Ulster Bank Diageo Venture Fund’s Will Prendergast is joining ePub’s board.