$2.5M for Akademos
Wade Roush8/10/09
Akademos, a Norwalk, CT-based startup that sells used college textbooks and course materials through online bookstores, has raised $2.5 million in equity funding, according to documents filed August 4 with the Securities and Exhange Commission. Kohlberg Ventures of Portola Valley, CA, provided the funding, according to a press release circulated today, and Kohlberg partner Bill Youstra has joined Akademos’ board, along with former eHarmony marketing executive Scott Eagle. $190,000 of the $2.5 million found will go to repay debt owed by Akademos to its CEO, Brian Jacobs, according to the filing.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
