# Scribit

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

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.scribit.com
- Latest round: Series A (Sep 1, 2008)
- Investors on record: 1

## About

Scribit is an innovative platform designed for writing enthusiasts, facilitating collaboration among users to enhance creativity and productivity through shared resources and community engagement.Scribit operates as an all-in-one platform for writers, enabling them to connect and collaborate with each other. Founded by Andrea Baldereschi, the company is headquartered in Atlanta, US. In December 2012, Scribit was acquired by Outbrain Inc. from Kinetic Ventures and RHO Capital Partners for an undisclosed amount. The company has raised a total of USD 4.20 mn, with its most recent funding round being a VENTURE DEBT for USD 0.75 mn.Scribit offers a comprehensive writer's group platform that connects individuals passionate about writing. It provides tools that address common challenges faced by writers, such as isolation and feedback acquisition. The services cater to a range of users, from amateurs to seasoned professionals, and are accessible across North America and Europe, featuring a user-friendly interface and collaborative tools.Scribit generates revenue through a subscription-based model, offering various pricing plans for individual users and groups. These plans allow access to premium tools and resources, with options for monthly or annual subscriptions. Additionally, Scribit explores partnerships with educational institutions and writing organizations to diversify its revenue streams.Scribit plans to expand its offerings by introducing new features designed to enhance user engagement and collaboration. The company aims to penetrate additional markets in Europe and Asia by the end of 2023. Funds from the latest VENTURE DEBT round will be utilized to support these initiatives and enhance the platform's technological infrastructure.

## Funding rounds

- Series A, Sep 1, 2008 — Kinetic Ventures

## Investors

- Kinetic Ventures (https://capitalatlas.ai/funds/kinetic-ventures) — Series A