Kobo Raises $50 Million for International Expansion
It’s been just over a month since Kobo started the last round of financing, and Kobo announced today that the funds have been collected and the financing is complete.
In today’s press release Kobo has just released details on its most recent round of financing. It has raised $50 million from investors and will “use the new funding to continue its explosive growth internationally”.
I noticed one interesting detail. Kobo is reporting that it picked up half a million more users since this round of financing started just over a month ago.
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