IN THE BOOKS: BookNook, an Oakland, Calif.-based startup that offers a digital platform to support small-group reading instruction, has raised an additional $2 million for its seed round, which now totals $3.1 million. The latest cash infusion comes from Better Ventures and the Urban Innovation Fund. Other investors include Reach Capital, Impact Engine, Kapor Capital, Redhouse Education and Edovate Capital.
Founded in 2016, BookNook offers an online reading tool that can be synced across different devices to facilitate small group reading exercises and instruction. The company says it’s used by schools and nonprofits in 110 sites across 14 states, and currently has around 2,000 weekly active students.
The funding will be used to expand its content library of 410 books and add to its staff of 14 employees.
Here’s a story from 2017 about BookNook’s earlier fundraise and a peek at how its tool works.
