TheReadingRoom Secures $2.75M in Funding; Opens New York Office

New Funds will fuel firm’s accelerated growth in the United States.

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New York, NY (PRWEB) December 03, 2013

TheReadingRoom, the leading independent online portal for avid readers to discover new books, today announced that it had successfully completed its latest round of funding, raising $2.75 million through the support of existing shareholders and other private investors.

With this new capital, TheReadingRoom plans to continue to drive membership and implement a range of site enhancements and commercial partnerships. TheReadingRoom also announced that it has relocated its sales and marketing team to the New York City office, including the founder and CEO Kim Anderson, the head of Sales Cara Codemo, and Marketing Director Ben Aronsten. The office is located at 205 Hudson Street, Level 9; New York, NY 10013. TheReadingRoom will retain its offices in London and Sydney.

“We are empowered by our investors’ commitment to our business, as demonstrated by their financial support to fuel our continued growth,” said Kim Anderson, Chief Executive Officer, TheReadingRoom. “The funds raised today will enable us to meet the growing demand for TheReadingRoom to be the online platform of choice for readers to discover new authors, classics and those hidden gems, and importantly to connect with other, like-minded readers. TheReadingRoom can now accelerate its expansion across the United States and North America.”

About TheReadingRoom

TheReadingRoom is the leading independent online portal for avid readers to discover new books and each other. By combining the power of social networking with carefully curated content, recommendations and featured selections, as well as the ability to buy eBooks and print titles, readers can discover books in much the same way they have in the past: from people they know and trust.

With more than seven million books records, the site also provides reviews and expert critical analysis from the New York Times and The Guardian (London) as well as reviews from TheReadingRoom members and respected book bloggers.

Membership is free! So join us now at TheReadingRoom.com.

TheReadingRoom. Your Place for Books.


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