Nextory gets SEK 30M in fresh equity funding from Acacia, Industrifonden and other existing investors.
Nextory, a Stockholm, Sweden-based company offering a subscription service to e-books and audio books, has announced raising SEK 30M ($3.4M) in an equity investment round.
Nextory, founded in 2012 and led by CEO Shadi Bitar, provides an all-you-can-eat subscription service for audio and e-books. Nextory launched its service under the name E2GO in early 2013 and was the first in Sweden to offer an unlimited service for both e-books and audio books. The company is a subsidiary of Frescano Group AB which also owns Our Bazaar and Swedish Julförlaget.
Prior to this investment, Nextory raised $4.6M in outside investment.