BookRenter.com Receives $40,000,000 New Financing

  • Feed Type
  • Date
    2/23/2011
  • Company Name
    BookRenter.com
  • Mailing Address
    155 Bovet Road San Mateo, CA 94402
  • Company Description
    Founded in 2006, BookRenter.com is the first online book rental service. BookRenter replaces traditional bookstore sales with online book rentals for students at schools throughout the nation. Flexible rental periods and a hassle free return process save customers up to 75% off retail price. These savings, along with a large title selection, five convenient rental periods, and free return shipping make BookRenter the best way to rent textbooks.
  • Website
    http://www.bookrenter.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $40,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new round of funding will drive product innovation helping to enable BookRenter store partners to bring affordable education to their students.
  • M&A Terms
  • Venture Investor
    Adams Capital Management
  • Venture Investor
    Comerica Bank
  • Venture Investor
    Focus Ventures
  • Venture Investor
    Lighthouse Capital Partners
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    Storm Ventures