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Summary:

If print book costs major on distributing boxes of dead trees, what price the e-book fulfilment sector?

Pub Direct CEO Gareth Cuddy and NCB Ventures partner Will Prendergast
photo: ePub Direct

If print book costs major on distributing boxes of dead trees, what price the e-book fulfilment sector?

Cork, Ireland-based wholesale e-book supplier ePub Direct is taking €1.3 ($1.69/£1.09) million in funding to grow its business supplying e-books to digital retailers.

ePub supplies titles to 116 stores including Amazon (NSDQ: AMZN), Apple (NSDQ: AAPL) and Waterstones and to over 15,000 online libraries.

It says it wants to grow in to Europe’s leading e-book supplier.

The equity funding comes from The Ulster Bank Diageo Venture Fund, a €75 ($97.64/£62.95) million targeting companies in Northern Ireland and the Republic Of Ireland, and is managed by NCB Ventures

Ulster Bank Diageo Venture Fund’s Will Prendergast is joining ePub’s board.

  1. Seems expensive for what they are offering. Quarterly payments? Hmmm …. not exactly tantalising. Might be useful for the large publishers but nothing there for the small indies.

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