What is WEbook?
WEbook positions itself to transform the publishing industry by mirroring the disruptive impact of platforms like Linux in software and Wikipedia in information. The company's core innovation lies in its 'Community-Sourced Books' model, which seeks to foster a new category of content creation by integrating internet-driven collaboration into the publishing process. Founded by Itai Kohavi, WEbook is headquartered in Bethesda, Maryland, with its development operations based in Mountain View, California.
How much funding has WEbook raised?
WEbook has raised a total of $5M across 1 funding round:
Series A
$5M
Series A (2008): $5M with participation from Greylock Partners and Vertex Venture Capital
Key Investors in WEbook
Greylock Partners
83North (formerly Greylock Partners Israel) is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies. The firm has a strong portfolio with 90 companies and 15 unicorns, reflecting its successful investment strategy.
Vertex Venture Capital
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
What's next for WEbook?
The substantial enterprise-level funding, including a recent major strategic investment, indicates WEbook is poised for significant scaling and market penetration. This capital infusion is expected to fuel the expansion of its community-sourcing initiatives and further develop its platform. The company's trajectory suggests a focus on solidifying its position as a leader in the evolving digital publishing landscape, potentially exploring new avenues for content creation and distribution.
See full WEbook company page
