Inkling announced today that it has completed another round of financing. It raised capital from minority investements by 2 major publishers, McGraw-Hill and Pearson. It also raised funds form its current investors: Sequoia Capital, Felicis Ventures, Kapor Capital, and Sherpalo Ventures also participated in the multi-million dollar financing.
Inkling produces digital textbooks are built from the ground up for multi-touch devices like the iPad, bringing a level of engagement and learning that’s impossible with flat reproductions of print books. This allows for a higher level of independent teaching by providing self quizzes, easy search and annotation tools.
Today’s announcement is more than just a tech company getting a larger capital investment so it can expand. By investing in Inkling, McGraw-Hill and Pearson validate the company as a textbook publisher.
Inkling will also be workign with McGraw-Hill and Pearson on their most popular textbooks spanning business school, medical school, and undergraduate curricula for 2011. Planned commitments now include:
- The top 100 undergraduate titles from McGraw-Hill Higher Education
- A comprehensive MBA curriculum, featuring 24 of the most popular business titles, from Pearson Education
- A full line of medical textbooks, featuring Lippincott Williams & Wilkins, an imprint of Wolters Kluwer Health
- Top undergraduate arts and sciences titles from Pearson Education
- Top medical education and reference content from McGraw-Hill Professional