eBook promotion site BookBub has raised $3.8 million in Series A funding, bringing in investments from NextView Ventures, Founder Collective, Avalon Ventures and Bloomberg Beta.
The site is designed to help authors and publishers build audiences and for readers to discover new reads through flash sales on eBooks. The site counts almost 3 million members. According to the Cambridge, Mass.-based company, members buy an average of one million eBooks per month through the service, not including free eBooks. Indie authors and the big five publishers have all been working with the company.
“BookBub’s traction proves it’s filling a huge need for readers, authors, and publishers,” stated David Beisel, partner at NextView Ventures. “We meet with countless startups, but it’s uncommon to find one that has become such a meaningful part of an industry so early in its existence.”