Scribd Raises $58 Million in Equity Financing from Spectrum Equity
Funding will support growth, product innovation and company's mission
Scribd has much to be thankful for this Thanksgiving. The 12-year-old eBook company announced on Monday it has raised $58 million in equity financing in a funding round led by Spectrum Equity. Scribd will use the investment to further its growth and product innovation, enhance operations and support the company’s mission to change how the world reads. “We’re excited to partner with Spectrum Equity, a firm with deep expertise in high growth subscription businesses..."
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