# Open Road Integrated Media

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-road-integrated-media

- Industry: Media
- Headquarters: New York, US
- Website: www.openroadmedia.com
- Total disclosed funding: $19M
- Latest round: Series C (Aug 19, 2013)
- Investors on record: 4

## About

Open Road Integrated Media is a digital publishing company that specializes in distributing ebooks and audiobooks, enhancing reader engagement through a diverse catalog of genres and titles.Founded in 2009 and headquartered in New York, US, Open Road Integrated Media operates as a digital publisher, focusing on the distribution of ebooks and audiobooks. The company has completed 6 deals since its inception, with the most recent funding round occurring on June 23, 2015. Jeffrey Sharp established the company, and it has received funding through a VENTURE DEBT round amounting to USD 3.00 mn, contributing to a total of USD 11.00 mn raised.Open Road Media offers a diverse catalog of digital content primarily centered around ebooks and audiobooks. Their core product offerings include a wide range of titles spanning various genres such as fiction, non-fiction, science fiction, fantasy, and true crime. The company has positioned itself as a purveyor of both popular and critically acclaimed works, including notable titles like "Eat That Frog!" and crime series adaptations such as "Murder in a Small Town." Open Road Media's services are designed to enhance reader engagement through daily newsletters that provide alerts on ebook deals, including specially priced and free titles. Their products are distributed primarily through digital platforms, making them accessible to a global audience, particularly in North America and Western Europe, where digital reading has seen significant growth.Open Road Media generates revenue through direct-to-consumer transactions and partnerships with various digital retailers. The company employs a pricing strategy that reflects the value of its ebooks and audiobooks, with prices typically ranging from USD 1.99 to USD 17.99, depending on the title and genre. Their flagship products, including bestselling titles in multiple categories, are sold directly to consumers via their website and through major ebook platforms. Revenue is derived from individual purchases as well as potential subscription models that may offer readers access to a broader selection of titles for a fee. This transactional structure supports a robust customer base that includes avid readers and genre enthusiasts who seek quality content across multiple digital formats.Looking ahead, Open Road Integrated Media plans to expand its product offerings and enhance its market presence. The company is focused on launching new titles in various genres, although specific release dates have not been disclosed. Furthermore, Open Road Media aims to expand into additional markets, particularly targeting regions in Asia and Latin America by 2025. The recent VENTURE DEBT funding of USD 3.00 mn will be allocated to support these initiatives, including the development of new content and marketing strategies to penetrate these new geographic regions.

## Funding rounds

- Series C, Aug 19, 2013, $11M — NewSpring, Azure Capital Partners, Golden Seeds, Kohlberg Ventures
- Series B, May 23, 2011, $8M — Azure Capital Partners, Golden Seeds, Kohlberg Ventures

## Investors

- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Series B, Series C
- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Series B, Series C
- Kohlberg Ventures (https://capitalatlas.ai/funds/kohlberg-ventures) — Series B, Series C
- NewSpring (https://capitalatlas.ai/funds/newspring) — Series C