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Just in time for the back-to-school season, iPad interactive textbook publisher Inkling has secured $17 million in Series B funding from investors including Tenaya Capital, Pearson (NYSE: PSO) Education, Jafco Ventures and Sequoia Capital.
Inkling works with textbook publishers to rebuild existing textbooks for the iPad, incorporating search, quizzes, note-sharing, audio and video other interactive features. Students can preview free sample chapters and can also buy textbooks by the chapter, starting at $2.99, through Inkling’s store.
In March, Inkling raised funding from McGraw-Hill (NYSE: MHP) and Pearson, the world’s two largest textbook publishers. Inkling now has 33 textbooks in its library, up from 14 in March, and has agreements to develop the top 100 undergrad titles from McGraw-Hill Education, as well as other titles from McGraw-Hill, Pearson and Wolters Kluwer Health.
Inkling’s announcement comes a day after CampusBookRentals.com, which rents textbooks of the paper variety, announced that it raised over $20 million.