BookRenter.com Receives $10,000,000 Series B Funding Round

  • Feed Type
  • Date
    6/3/2010
  • Company Name
    BookRenter.com
  • Mailing Address
    1190 S Bascom Ave San Jose, CA 95128
  • 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. Located in Campbell, California, BookRenter is a Santa Clara County certified green business.
  • Website
    http://www.bookrenter.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funds will be used to support growth initiatives that will enable BookRenter to maintain the highest level of service in the textbook industry while meeting the incredible demand for its services so that millions of students benefit from dramatic cost savings on their textbooks.
  • M&A Terms
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    Storm Ventures
  • Venture Investor
    Adams Capital Management

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