About LitRes
LitRes is a company based in Moscow (Russia) founded in 2005. LitRes has raised $5 million across 2 funding rounds from investors including Ozon. LitRes has completed 1 acquisition, including EDRK. LitRes operates in a competitive market with competitors including De Marque, RIDI, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others.
- Headquarter Moscow, Russia
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of LitRes
LitRes has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in October 2019. 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 — $5.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - LitRes | Valuation |
investors |
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| Jun, 2014 | Amount | Series A - LitRes | Valuation | Ozon |
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Investors in LitRes
LitRes has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ozon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-category consumer products are offered via an online marketplace.
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Founded Year | Domain | Location |
Investments & Acquisitions by LitRes
LitRes has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EDRK.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Self-publishing platform for book publishers & authors
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2010 |
Financial Statements - LitRes
Litres Comparisons
Competitors of LitRes
LitRes 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 De Marque, RIDI, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital book reading solutions for e-books and audiobooks are provided.
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| domain | founded_year | HQ Location |
E-book store and digital reading services are operated by RIDI.
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| domain | founded_year | HQ Location |
Digital content marketing and advertising services are provided.
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| domain | founded_year | HQ Location |
Platform providing eBooks and audiobooks to universities,public libraries and other institutions
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| domain | founded_year | HQ Location |
Provides a distribution platform for digital content, including ebooks and audiobooks.
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Frequently Asked Questions about LitRes
LitRes was founded in 2005 and raised its 1st funding round 9 years after it was founded.
LitRes is headquartered in Moscow, Russia.
Sergey Anuriev is the current CEO of LitRes.
LitRes is a funded company, having raised a total of $5M across 2 funding rounds to date.
LitRes, founded in 2005 is one of the leading retailers of ebooks in Russia. It is the winner of Runet Award 2014. It has a collection of more than 750,000 e-books in Russian and foreign languages, among which about 25 000 are free books. Each month, the company provides a new catalog of more than 2000 books. LitRes deals with the largest publishing houses in Russia (Eksmo, AST, Ripol Classic, myth, Azbuka-Atticus, Peter et al.) and many leading authors.The company has also developed an ebook reading applications LitRes.
LitRes's top competitors include De Marque, RIDI and Open Road Integrated Media.
LitRes has made 1 acquisition, including EDRK.
LitRes has 1 investor. Key investors include Ozon.