Bookis to raise NOK 60 million in a round backed by Schibsted and Lugard Road.

Sweden Norway United Kingdom United States 28 May 2021

Bookis, an Oslo, Norway-based marketplace for books, announced that it closed a funding round worth NOK 59.4 million ($7.1M).

The money was raised from investors led by existing shareholders from Schibsted, joined by the American hedge fund Lugard Road and Swedish angel investor Alexander Hars.

Post deal, founders Lasse Brurok and Arne-Morten Willumsen will control about 20% of the company, which is valued at NOK 150M ($18M).

Proceeds will be used to hire more people as the business is growing, including a CFO and a CPO.

Bookis, founded in 2016 by Lasse Brurok and Arne-Morten Willumsen (CEO), developed a digital platform for buying and selling new and used books and has around 200.000 registered users, most of them (165k) from Norway.

Bookis previously was funded by Schibsted in 2020, and raised a total of almost $2M.

Total investments received (USD): 9.07M