Tech Company Financing Transactions
Packback Funding Round
Packback, based in Chicago, secured $1.5 million from Hyde Park Angels and private investors.
Transaction Overview
Company Name
Announced On
6/11/2015
Transaction Type
Venture Equity
Amount
$1,500,000
Round
Undisclosed
Investors
Hyde Park Angels (Lead Investor)
Proceeds Purpose
The new funding will help the company accelerate the launch of Packback Answers, a software platform that allows students to ask questions of professors and other students.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
601 South LaSalle St. 650
Chicago, IL 60605
USA
Chicago, IL 60605
USA
Phone
Undisclosed
Website
Email Address
Overview
Packback offers pay-per-use access to eTextbooks for $5 or less. To date, the market share of ebooks in the non-educational consumer book market has grown to a staggering 22.5%. eTextbooks as a percentage of the total higher education textbook market, however, has remained at a mere 8%.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Shannon
Chief Financial Officer
Nick Currier
Chief Operating Officer
Kasey Gandham
VP - Engineering
Craig Booth
VP - Product Management
Jessica Tenuta
VP - Sales
Roberto Torreggiani
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