About Goodreads
Goodreads is a company based in San Francisco (United States) founded in 2007 was acquired by Amazon in March 2013.. Goodreads has raised $2 million across 2 funding rounds from investors including Amazon and True Ventures. Goodreads has completed 1 acquisition, including Discovereads. Goodreads offers products and services including Book Recommendation Service, Quote Database, and Book List Feature. Goodreads operates in a competitive market with competitors including Fable, Douban, Glose, BookClub and Gleeph, among others.
- Headquarter San Francisco, United States
-
Sectors
Media & Entertainment
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Goodreads, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Goodreads
Goodreads offers a comprehensive portfolio of products and services, including Book Recommendation Service, Quote Database, and Book List Feature. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides personalized book suggestions based on user preferences and ratings.
Curates and displays famous quotes from various books for inspiration.
Enables users to create and share curated lists of books by genre.
Unlock access to complete
Funding Insights of Goodreads
Goodreads has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in December 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2009 | Amount | Series A - Goodreads | Valuation |
investors |
|
| Dec, 2007 | Amount | Angel Round - Goodreads | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Goodreads
Goodreads has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Amazon and True Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm supporting AI founders through investments and community.
|
Founded Year | Domain | Location | |
|
Multi-category products are offered through an online marketplace.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Goodreads
Goodreads has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Discovereads. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Book recommendations are delivered via an online discovery platform.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Goodreads
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Goodreads Comparisons
Competitors of Goodreads
Goodreads operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fable, Douban, Glose, BookClub and Gleeph, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based platform offering multiple stories for reading
|
|
| domain | founded_year | HQ Location |
Online community platform for book enthusiasts
|
|
| domain | founded_year | HQ Location |
E-books are read and annotated socially on the Glose platform.
|
|
| domain | founded_year | HQ Location |
Online platform for book clubs
|
|
| domain | founded_year | HQ Location |
Online platform for discovering books, sharing recommendations, and managing readings.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Goodreads
Frequently Asked Questions about Goodreads
When was Goodreads founded?
Goodreads was founded in 2007.
Where is Goodreads located?
Goodreads is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Goodreads?
Veronica Moss is the current CEO of Goodreads.
Is Goodreads a funded company?
Goodreads is a funded company, having raised a total of $2M across 2 funding rounds to date.
What does Goodreads do?
Goodreads was founded in 2007 in San Francisco, United States, and is operated as a web-based social platform in the literary sector. Users register books to build library catalogs and reading lists, while reading progress, highlights, quotes, reviews, and ratings are shared among fellow readers and on networks like Facebook and Twitter. Revenue is primarily generated through affiliate marketing.
Who are the top competitors of Goodreads?
What products or services does Goodreads offer?
Goodreads offers Book Recommendation Service, Quote Database, and Book List Feature.
How many acquisitions has Goodreads made?
Goodreads has made 1 acquisition, including Discovereads.
Who are Goodreads's investors?
Goodreads has 2 investors. Key investors include Amazon, and True Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.