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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.