# Better World Books

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/better-world-books

- Industry: Retail
- Headquarters: US
- Website: www.betterworldbooks.com
- Total disclosed funding: $4.5M
- Latest round: Series A (Apr 7, 2008)
- Investors on record: 1

## About

Based in Indiana, US, and founded in 2002, Qumpus, Inc. doing business as Better World Books, Inc. organizes book drives at colleges, libraries, and other places to reclaim, no-value books. The firm principal is collecting books on low-cost methods and selling them through many internet markets. In May 2016, the firm raised USD 18 Million in venture debt financing from investors. As of 2022, the company is headed by its CEO Dustin Holland. The company was founded by Xavier Helgesen, Jeff Kurtzman, and Christopher Kreece Fuchs.

The company sells as well as collects used and new books by matching each purchase with a book donation and the fund generated through sales are used for literacy and education initiatives. It offers various services like library service, campus service, and booksellers services. Additionally, it provides drop box services which include placing a drop box, cleaning the drop box on regular basis, sorting the book, as well as selling, donating, or recycling the books. Furthermore, it helps individuals to find the near drop box locations to donate their books. Apart from this it also offers clients portal services. As of 2022, a total of 34,997,3000 books have been donated, and USD 34,063,433 funds are raised for literacy and libraries. Along with this 445,934,462 book is been reused or recycled.

## Funding rounds

- Series A, Apr 7, 2008, $4.5M — Good Capital

## Investors

- Good Capital — Series A