About OverDrive
OverDrive is a company based in Cleveland (United States) founded in 1986 was acquired by KKR in December 2019. It operates as a SaaS (Software-as-a-Service) and Freemium. The company has 413 employees as of December 31, 2021. OverDrive has completed 3 acquisitions, including Booki.sh, Kanopy and RB Digital. OverDrive offers products and services including Libby, Kanopy, Sora, and TeachingBooks. OverDrive operates in a competitive market with competitors including Scribd, KADOKAWA, VoyceMe, Glose and Youscribe, among others.
- Headquarter Cleveland, United States
- Employees 413 as on 31 Dec, 2021
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Sectors
Media & Entertainment
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- Legal Name Overdrive, Inc.
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Products & Services of OverDrive
OverDrive offers a comprehensive portfolio of products and services, including Libby, Kanopy, Sora, and TeachingBooks.
Access to ebooks and audiobooks is provided for free.
Free movie streaming is offered through public libraries.
Ebooks for K-12 students are made easily accessible.
Reading materials for children are enriched through resources.
People of OverDrive
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Software Development Team
47 people
Product Management Team
15 people
Developer Team
15 people
Sales and Marketing
14 people
Leadership Team
11 people
Account Team
10 people
Team Team
9 people
Creative and Marketing Team
8 people
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Funding Insights of OverDrive
Investors in OverDrive
OverDrive has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Rakuten, KKR and Insight Partners.
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Investment firm scaling software and technology companies from early to late stages.
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Multiple sectors are invested in by this private equity firm.
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Cashback is provided on multi-category products through an app-based platform.
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Investor details for OverDrive
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Investments & Acquisitions by OverDrive
OverDrive has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Booki.sh, Kanopy and RB Digital.
Investment portfolio details for OverDrive
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- Portfolio identities
- Transaction dates
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Video-streaming services are offered to libraries and universities.
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Print and publishing services are provided by RB Digital.
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Cloud-based platform for eBooks distribution and access is provided.
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Complete acquisition details for OverDrive
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- Transaction dates
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Financial Statements - OverDrive
Detailed financials for OverDrive
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Overdrive Comparisons
Peer comparison for OverDrive
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Competitors of OverDrive
OverDrive 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 Scribd, KADOKAWA, VoyceMe, Glose and Youscribe, among others.
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Ebook library & reading platform
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Online comic books are delivered in multiple genres.
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E-books are read and annotated socially on the Glose platform.
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Online platform for digital publishing
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Detailed competitors of OverDrive
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Latest news on Overdrive
Complete news archive for OverDrive
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Frequently Asked Questions about OverDrive
OverDrive was founded in 1986 and raised its 1st funding round 24 years after it was founded.
OverDrive is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
As of Dec 31, 2021, the latest employee count at OverDrive is 413.
Digital content such as ebooks, audiobooks, and movies is provided by OverDrive to public libraries, schools, and businesses. Services are offered through apps like Libby, Kanopy, Sora, and TeachingBooks, targeting various user groups including library patrons, K-12 students, and educators. Solutions are designed to maximize discoverability and inspire reading, with a focus on transforming library services and meeting educational needs. Partnerships with publishers are established to drive sales and enhance global digital distribution.
OverDrive offers Libby, Kanopy, Sora, and TeachingBooks.
OverDrive has made 3 acquisitions, including Booki.sh, Kanopy, and RB Digital.
OverDrive has 3 investors. Key investors include Rakuten, KKR, and Insight Partners.