goodreads
Latest round
- Series A
Last raised
- Dec 2009
Total raised
- $2M
Investors
- 1
About goodreads
Founded by Elizabeth Chandler, Goodreads is an online service that helps readers discover books suited to their interests.com, Inc. in March 2013 for USD 150 mn, with an additional USD 50 mn contingent on performance metrics.Goodreads operates a comprehensive online platform that primarily focuses on connecting readers with books tailored to their interests. The core offering includes a robust recommendation system that utilizes user input regarding previously enjoyed titles and genres to provide personalized book suggestions. This system serves avid readers looking to discover new literature across various genres, including fiction, nonfiction, horror, romance, and more. The platform also fosters a community aspect where users can engage in discussions about their favorite books, participate in groups, and explore curated lists.Goodreads generates revenue through multiple channels, including partnerships with authors and publishers, as well as through advertising targeted at its user base. The platform establishes relationships with authors to promote their works, allowing for direct engagement with readers who are interested in specific genres or titles. Additionally, Goodreads leverages a direct-to-consumer model by offering advertising space to retailers and publishers aiming to reach its vast audience of book enthusiasts.com, Inc. in March 2013, Goodreads plans to leverage the new resources for expanding its platform features and enhancing user experience. The company is exploring new product offerings that aim to improve user engagement and community interaction. Specifically, Goodreads aims to launch advanced features for book discussions and recommendations by the end of 2023. Furthermore, there are plans to expand its services into non-English speaking markets, particularly targeting Europe and Asia by 2025.
Who invested in goodreads
1 investor across 1 round
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Funding rounds
Series A
Dec 9, 2009
Amount
$2M
Investors
Questions about goodreads
Who invested in goodreads?
goodreads has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has goodreads raised?
goodreads has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did goodreads last raise money?
goodreads's most recent round on record is a Series A, in Dec 2009.
What does goodreads do?
Founded by Elizabeth Chandler, Goodreads is an online service that helps readers discover books suited to their interests.
Where is goodreads headquartered?
goodreads is headquartered in Santa Monica, US.
Which VCs invest in companies like goodreads?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at goodreads's stage. Their profiles are linked below.
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