# Bearead.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bearead-com

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.bearead.com
- Total disclosed funding: $1.9M
- Latest round: Series A (Sep 20, 2018)
- Investors on record: 5

## About

Bearead.com provides innovative digital reading solutions, focusing on enhancing the reading experience for individuals and educational institutions through its advanced e-book and audiobook platform.Founded in 2015 and headquartered in Shanghai, China, Bearead.com specializes in a digital reading platform that serves both avid readers and educational institutions. The company, led by CEO Xiaochi Guo, has engaged in four funding deals, with the latest being a Seed round in September 2018, raising CNY 9.00 mn from Meisheng Culture and Step Fund, marking a total of CNY 9.00 mn raised to date.Bearead specializes in offering innovative digital reading solutions designed to enhance the user experience for avid readers and educational institutions. Their core product is a proprietary reading platform that allows users to access a vast library of e-books and audiobooks, catering to individual readers, students, and educators. The platform is equipped with features such as customizable reading settings, advanced search tools, and interactive content that makes reading more engaging. Bearead aims to solve common challenges faced by readers, such as accessibility to diverse literature and the convenience of reading across multiple devices. The company has successfully launched its services in markets such as North America and Europe, targeting both consumers and educational institutions to expand their reach and user base.Bearead generates revenue primarily through a subscription-based model, allowing individual users and educational institutions to access its extensive library of digital content. Clients can choose from various subscription tiers that cater to different needs, including individual plans for casual readers and institutional plans for schools and libraries that provide access to multiple users. The pricing structure is designed to encourage long-term commitments, with discounts available for annual subscriptions. In addition to subscriptions, Bearead may engage in partnerships with publishers to offer exclusive content, which further enhances their revenue streams. Transactions are executed directly through the platform, ensuring a streamlined process for both consumers and educational entities, thereby fostering a reliable and efficient business relationship.Following its Seed funding in September 2018, Bearead.com aims to utilize the raised funds to further develop its platform and explore new markets. The company is focused on expanding its offerings with upcoming features expected to enhance interactivity and user engagement. Bearead plans to enter additional markets in Asia and further regions in Europe by 2023, broadening its impact in the digital reading landscape.

## Funding rounds

- Series A, Sep 20, 2018 — Fenghou Capital
- Series A, Oct 8, 2017 — Datou Capital, Dunhong Capital Management
- Seed, Apr 19, 2016, $1.4M — Meisheng Culture, Step Fund
- Angel, Aug 31, 2015, $0.5M — Fenghou Capital

## Investors

- Fenghou Capital (https://capitalatlas.ai/funds/fenghou-capital) — Angel, Series A
- Meisheng Culture — Seed
- Step Fund (https://capitalatlas.ai/funds/step-fund) — Seed
- Datou Capital (https://capitalatlas.ai/funds/datou-capital) — Series A
- Dunhong Capital Management (https://capitalatlas.ai/funds/dunhong-capital-management) — Series A