Readmill
Latest round
- Series A
Last raised
- Jun 2012
Total raised
- $0.4M
Investors
- 3
About Readmill
Founded in 2010 in Berlin, Germany, Readmill provided a reading application for both iOS and Android devices. The company had a notable pivot in its business strategy culminating in its acquisition by Dropbox, Inc. on March 28, 2014, for USD 8 million.Readmill primarily offered an open, independent reading platform through its reading application, available on iOS and Android devices. The app enabled users to annotate texts, highlight passages, and share insights with a global community of readers. This functionality aimed to enhance the reading experience and foster discussions around literature, appealing to avid readers looking for social interaction.Readmill operated on a freemium model, allowing free access to its platform while exploring monetization through partnerships and subscription services. Although exact revenue figures were not disclosed, the company’s financial strategy included avenues such as app subscriptions and collaborations with other digital services., for USD 8 million. Following this acquisition, Readmill’s future growth plans have not been detailed, suggesting a strategy centered on integration with Dropbox's services rather than standalone product launches or geographic expansions.
Who invested in Readmill
3 investors across 2 rounds
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Questions about Readmill
Who invested in Readmill?
Readmill has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Readmill raised?
Readmill has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Readmill last raise money?
Readmill's most recent round on record is a Series A, in Jun 2012.
What does Readmill do?
Founded in 2010 in Berlin, Germany, Readmill provided a reading application for both iOS and Android devices.
Where is Readmill headquartered?
Readmill is headquartered in Berlin, Germany.
Which VCs invest in companies like Readmill?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back internet companies at Readmill's stage. Their profiles are linked below.
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