# Reedsy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reedsy

- Industry: Media
- Headquarters: London, UK
- Website: www.reedsy.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Apr 9, 2015)
- Investors on record: 5

## About

Reedsy is an online platform dedicated to assisting authors with their publishing needs by connecting them with a curated marketplace of professional freelancers, including editors, designers, and marketers.Founded in 2014 and headquartered in London, UK, Reedsy connects authors with freelance professionals to assist in their writing and publishing journey. The company has undergone no significant pivots and operates independently. Reedsy was established by Emmanuel Nataf and Ricardo Fayet, both of whom have a background in entrepreneurship. In May 2020, Reedsy raised GBP 500,000 from Talis Capital, bringing their total funding to GBP 500,000 and valuing the company at GBP 47.059 mn.Reedsy offers a comprehensive suite of professional publishing services aimed at authors looking to enhance their writing and publishing journey. Core offerings include access to a curated marketplace of freelance professionals, such as editors, designers, marketers, ghostwriters, and web designers. These services are designed to address specific challenges faced by authors, including the need for meticulous editing, compelling cover designs, effective marketing strategies, and the creation of professional author websites. Reedsy facilitates these connections through an online platform that allows authors to browse profiles, request quotes, and manage collaborations. The company's client base spans across various geographical markets, including North America, Europe, and beyond, catering to both self-published authors and those seeking traditional publishing avenues.In the most recent year, 2020, Reedsy's revenue was GBP 1,368,034.30, with an EBITDA of GBP 151,798.20. The company's revenue model is primarily structured around transaction-based interactions between authors and freelance professionals, allowing for flexibility tailored to the needs of both parties.In May 2020, Reedsy raised GBP 500,000 from Talis Capital, which is expected to support the company's upcoming initiatives including the launch of new products designed to enhance user experience. Reedsy is looking to expand its reach into new markets, particularly focusing on emerging author markets in Asia and South America by 2022. The funding will be utilized to enhance the platform's functionality and to support marketing efforts aimed at attracting authors from these regions.

## Funding rounds

- Seed, Apr 9, 2015, $0.4M — DN Capital, Kima Ventures, DC Thomson Ventures
- Seed, Jul 16, 2014, $0M — Seedcamp, Thomson Ventures

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Thomson Ventures — Seed
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- DC Thomson Ventures (https://capitalatlas.ai/funds/dc-thomson-ventures) — Seed