Open Road Media Secures Funding

Digital Publishing firm Open Road Integrated Media has secured $8 million in Series B funding. Open Road will use the financing to expand its growing digital publishing and marketing program.

The publisher creates digital originals for each of its books including author videos and bios. Authors on the imprint include Iris Murdoch, Pat Conroy and Rebecca West.

Azure Capital led the funding, Golden Seeds and current investor Kohlberg Ventures were also involved. Mike Kwatinetz, a general partner at Azure Capital, stated: “We are very excited about Open Road’s combination of great leadership, business model advantage, momentum with strong authors, agents and distributors and speed in which they launch and market their ebooks. This combination has given the company a step up in what should prove to be a very large market.”