About Librify
Librify is a Media & Entertainment company based in New York (United States) founded in 2013, and was acquired by Scribd in June 2015. Ebook subscriptions with social reading features are provided online. The company was acqui-hired. Its focus areas include Book Tech, Book Reading, Apps and Multi Genres. Its competitors include Scribd, VoyceMe and OverDrive; 2 of its 3 listed competitors have raised funding.
Company details
Librify is an online subscription service for ebooks. Users pay a monthly fee to get access to the books available on the platform. The platform incorporates the concept of social reading through book clubs, recommendations, reviews, etc. Also offers a Book of the Month Clubstyle subscription service for one discounted e-book a month. The platform works across all devices. Scribd acquired the company in 2013 and plans to utilize the start-ups social features in order to develop a robust social e-reading experience within their own platform.
- Headquarters New York, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Website librify.com
- Social LinkedIn X Facebook
- Acquired by Scribd (Jun 2015)
Funding Insights of Librify
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of Librify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2014 | Seed | – | – | ||
| Jan 2014 | Seed | – | ICG Ventures | – |
3 investors in total: 3 institutional.
Investors in Librify
Librify has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Scribd, UpVentures Capital and ICG Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in technology startups by UpVentures Capital. | upventures.com | New York, United States | ||
Provides market research services, including data collection, analysis, and reporting. | 2005 | icg-ventures.com | Tel Aviv, Israel | |
SaaS-based book reading platform | 2006 | scribd.com | San Francisco, United States |
Investor details for Librify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Librify
4 dated milestones of Librify across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Librify is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
- Exit Acquired by Scribd.
Competitors of Librify
Librify has 3 listed competitors in our database, 2 of them funded. They include Scribd, VoyceMe and OverDrive.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scribd.com | 2006 | San Francisco, United States | $105.24M | 300 | SaaS-based book reading platform | |
| voyce.me | 2020 | New York, United States | $16.9M | Online comic books are delivered in multiple genres. | ||
| overdrive.com | 1986 | Cleveland, United States | 413 | Digital content distribution is facilitated for libraries and schools by OverDrive. |
Detailed competitors of Librify
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Book & Digital Reading Platforms
3 companies that operate in the same segment as Librify (Book & Digital Reading Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital audiobooks are produced and streamed via a SaaS platform. | 1995 | Newark, New Jersey, United States | USD 6 M | |||
Rental books and homework help are provided to university students. | 2005 | Santa Clara, California, United States | USD 205.99 M | USD 376.91 M | 1,270 | |
SaaS-based book reading platform | 2006 | San Francisco, California, United States | USD 105.24 M |
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Frequently Asked Questions about Librify
Librify was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Librify is headquartered in New York, United States. It is registered at New York, New York, United States.
Librify is an online subscription service for ebooks. Users pay a monthly fee to get access to the books available on the platform. The platform incorporates the concept of social reading through book clubs, recommendations, reviews, etc. Also offers a Book of the Month Clubstyle subscription service for one discounted e-book a month. The platform works across all devices. Scribd acquired the company in 2013 and plans to utilize the start-ups social features in order to develop a robust social e-reading experience within their own platform.
Librify has 3 investors. Key investors include Scribd, UpVentures Capital, and ICG Ventures.
Yes. Librify was acquired by Scribd in June 2015.