Open Road Integrated Media has received a second round of funding, getting another $4 million from Kohlberg Ventures, which also provided the start-up’s original $3 million in capital. Jim Kohlberg at Kohlberg Ventures says in the announcement “with the convergence of expanding device options and the rapid adoption of ebooks, we strongly believe that the Open Road model and its team are uniquely positioned to succeed in the marketplace. We are pleased to continue our support through additional funding.” BookRenter has collected even more, raising $10 million in their latest financing, led by Norwest Venture Partners, with follow-on investments from […]
