# txtr

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

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.txtr.com
- Latest round: Series A (May 31, 2011)
- Investors on record: 1

## About

Txtr GmbH is a Berlin-based company specializing in digital reading solutions, focusing on e-reader devices and content distribution services to enhance digital reading experiences for consumers and educational institutions.Founded in 2008 in Berlin, Germany, txtr GmbH develops innovative reading technologies and was part of a strategic pivot towards e-reader solutions over the years. The firm has completed 2 deals, with the most recent deal occurring on May 31, 2011, when it secured Series A financing from 3M New Ventures.Txtr specializes in digital reading solutions, primarily focusing on e-reader devices and associated content distribution services. Their flagship offering, the txtr eReader, is designed to provide users with a seamless reading experience by allowing access to a wide range of digital publications, including eBooks and periodicals. This product facilitates reading on-the-go, targeting avid readers and educational institutions looking to enhance their digital literacy offerings. Txtr's services extend to partnerships with publishers and content providers, enabling a diverse selection of reading materials to be delivered directly to end-users. The company operates primarily in European and Asian markets, catering to individual consumers, educational establishments, and corporate clients.Txtr's revenue model is built around a combination of direct sales and subscription services. Clients typically engage with the company through purchasing eReaders and accessing an extensive library of digital content via a subscription plan. The firm maintains partnerships with various publishers and distributors, allowing for a transaction structure that includes both wholesale agreements and direct-to-consumer sales. Pricing plans are designed to accommodate different user needs, offering tiered subscription options based on content volume or additional features desired. Through these mechanisms, Txtr generates revenue by catering to both individual consumers and institutional clients, enhancing its market presence through strategic partnerships and a diverse product lineup.Txtr GmbH plans to introduce new products in the coming year, focusing on enhancements to their e-reader technology and the development of a more extensive digital library. The company aims to expand its market presence into North America and further penetrate Asian markets by 2015. The capital raised during the Series A financing will support these initiatives, enabling txtr to invest in product development and marketing efforts to reach new customers.

## Funding rounds

- Series A, May 31, 2011 — 3M Ventures

## Investors

- 3M Ventures (https://capitalatlas.ai/funds/3m-ventures) — Series A