Bookshout, a US-based digital book distribution and engagement platform, has raised $6m in its series B round led by Ambassador Enterprises, a venture philanthropic investment group that recently bought a former university campus to set up a cooperative learning community.
Daryle Doden, chief executive of Ambassador Enterprises, said: “Traditional publishing is like baseball before [Michael Lewis’s book,] Moneyball. The industry is guessing what people want. By serving authors and publishers in a process-oriented, measurable way, Bookshout is eliminating the guesswork and building tools that let content creators take control of their audience.”