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
Greycroft has made investments in Europe before, notably in Germany-based 9flats, Estonia-based Fortumo, Iceland-based QuizUp and London's Azimo and Lostmyname, among others.
Deutsche Startups briefly mentioned the Blinkist news in its 'ticker' earlier today, noting that e.ventures also participated in the new round.
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.
Blinkist summarises books so you don’t have to read the whole thing
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