American investment firm Greycroft Partners has reportedly made an investment in Berlin-based Blinkist, a startup that summarises nonfiction books into digestible summaries that take roughly 15 minutes to read. There are more than 1,000 books on its platform today.
Update: the round was €4 million
In our earlier interview with CEO Holger Seim, he mentioned that the company has previously secured €1.8 million in seed funding. Prior backers include IBB Beteiligungsgesellschaft, MGO Digital Ventures and Deutsche Telekom's hub:raum.