ePub Direct Funded To Supply E-Books To Kindle, iBooks Et Al

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Credit: 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.

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RON TAYLOR

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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