News and Announcements
Booktrack FY15 Company Update
- Published January 29, 2015 2:04PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Booktrack anticipates closing its US$2m Series A2 investment round within the next 6 weeks, having had significant interest and commitments from both domestic and international investors.
The mobile and desktop applications now have over 2 million users, with numbers having doubled every quarter since the launch of the Booktrack Studio in 2013.
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ABOUT BOOKTRACK
Booktrack’s patented technology synchronizes movie-style soundtracks to eBooks. Music, ambient audio, & sound effects are automatically paced to an individual’s reading speed & synchronized to match the story while they read, increasing comprehension & enjoyment (New York & Auckland University Studies). Readers get free access to 1000’s of stories, while authors & publishers easily create their own titles.
In just 13 months, 1.7 million Booktrack users have read & created 9,000 titles in 30 languages, with user growth doubling every quarter. Backed by investors including Peter Thiel & Weta Digital, Booktrack is a disruptive force in the publishing & audio worlds, equivalent to how the introduction of sound transformed silent film forever.