E-Textbook Platform Gutenberg Technology Raises $6.5 Million for U.S. Expansion

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French e-textbook platform start-up Gutenberg Technology has raised $6.5 million in a series B funding round to expand its U.S. operation.

“A significant part of this money will be used to expand in the U.S., said François-Xavier Hussherr, founder and CEO.

Specifically, the money will be used to hire more salespeople and to market to potential clients. As of this month, the company has a new U.S.-based vice president of sales, Prashant Pisharoty. Conversely, the company will not be hiring any more Europe-based salespeople, said Hussherr, who is also based in New York.

Paris-based bank BNP Paribas was the lead investor in the round.

Read more in the press release below.


Learn more about the future of e-textbooks at Making Information Pay for Higher Education at Digital Book World 2014. Register today!


[Press Release]

MOBILE LEARNING INNOVATOR GUTENBERG TECHNOLOGY CLOSES $6.5M ROUND B FINANCING

Gutenberg Technology, the European leader of textbooks on tablets and smartphones, announces the completion of its $6.5 million Round B financing. BNP Paribas, one of the TOP 10 worldwide banks, took the most significant part in this funding together with
Gutenberg Technology’s historical investors.

This new funding will enable the start-up, with offices in New York and Paris, to expand its footprint in North America, acquiring new clients and building long-term, strategic partnerships. The company has already signed premier logos like Pearson and Hachette Book Group.

The educational technology company plans to extend its digital book production platform MyEbookFactory 5.0 which has found wide adoption in the textbook market, to other publishing segments such as travel guides, cookbooks and professional training books. In this context, they have recently inked a partnership with celebrity chef Alain Ducasse to help him become a worldwide leader of cookbooks on tablets and smartphones.

Additionally, Gutenberg Technology is revolutionizing the e-learning industry by adding MOOC (Massive Online Open Course) features to the MyEbookFactory 5.0 production platform. These new features will facilitate scalable, industrialized production of MOOCs &
e-learning courses.

“After almost 3 years of R&D, we now offer publishers a unique tool to solve their digital issues,” says François-Xavier Hussherr, founder and New-York based CEO of Gutenberg Technology. “Our goal is to empower our clients to take control over their digital book
production workflow.”

“We decided to invest in Gutenberg Technology,” explains Jean-Michel Gabriel, CEO of BNP Paribas Développement, the investment entity of BNP Paribas, “because we believe that the education market will be undergoing massive transformations in the coming years,
and Gutenberg Technology has the team and the technology to take full advantage of this change.”

About Gutenberg Technology
Launched in 2010, Gutenberg Technology is a technology company that provides publishers with a SaaS solution called MyEbookFactory 5.0, enabling them to enrich content and create interactive ebooks and custom branded apps for all electronic devices (iOS, Android, Windows 8, web) as well as print. Using custom branded apps, publishers have a single store on iOS and Android and would have control over licensing and payment.

About BNP Paribas
BNP Paribas Developpement, subsidiary of Groupe BNP Paribas, is a leader in venture capital with more than 25 years of experience and a team of more than 20 professionals. It’s current portfolio includes 320 investments totaling Euro500Million. BNP Paribas Developpement’s perspective is to take minority stakes in small and medium-sized companies with a view to being part of their long term growth strategy.


Learn more about the future of e-textbooks at Making Information Pay for Higher Education at Digital Book World 2014. Register today!


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