Tech Company Financing Transactions

LIT Videobooks Funding Round

MaC Venture Capital, Bloom Venture Partners and Founders Fund participated in a $5 million venture round for LIT Videobooks. This venture round was recorded on 10/16/2021.

Transaction Overview

Company Name
Announced On
10/16/2021
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors

MaC Venture Capital (Lead Investor) (Marlon Nichols)

Bloom Venture Partners

Founders Fund

private investors (Cyan Banister)

private investors (Harry Hurst)

private investors (Hunter Walk)

private investors (Larry Braitman)

private investors (Russ Fradin)

private investors (Terry Dougas)

private investors (Zach Coelius)

Noemis Ventures

Proceeds Purpose
The investment will be used to secure additional titles and was already deployed in the finalization of books in the pipeline.

Company Information

Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
Undisclosed
New York, NY 10001
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Visual learners can rejoice. LIT is a new platform where you can watch bestselling business books in a new format called videobooks. LIT curates the top, bestselling business books, and partners directly with their authors. Our Emmy award-winning production team turns each chapter into a 5-10 minute long episode. Videobooks are under 2 hours long and available exclusively on the LIT website.
Profile
LIT Videobooks LinkedIn Company Profile
Social Media
LIT Videobooks Company Twitter Account
Company News
LIT Videobooks News
Facebook
LIT Videobooks on Facebook
YouTube
LIT Videobooks on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ronak Sheth
  Ronak Sheth LinkedIn Profile  Ronak Sheth Twitter Account  Ronak Sheth News  Ronak Sheth on Facebook


 

 

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Where The Data Comes From

We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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