FOR IMMEDIATE RELEASE
SCREWPULP RAISES $330,000 TO START NEW CHAPTER IN PUBLISHING
Self-publishing startup helps authors publish and readers connect.
MEMPHIS, TENN. (JAN 31, 2014) – Screwpulp, an ebook publishing platform that enables authors and readers to connect, has secured a seed investment of $330,000. Led by Start Co. Angels, a Memphis-based, angel investment group, with archer>malmo ventures and other angels participating.
Screwpulp plans to use the investment to enhance the shopping and reading experience for readers while improving the publishing tools offered to authors.
“We feel that the traditional book publishing model is daunting and leaves many great books to gather dust,” said Screwpulp’s CEO Richard Billings. “Screwpulp’s platform empowers authors with the tools they need to publish, market and profit from their work. Additionally, our demand-based pricing model gives clear indications to readers about the quality of a book’s content and puts the power of a book’s success into the proper hands, the readers.”
In a prior investment round, Screwpulp received an investment from Seed Hatchery, a Start Co. accelerator program based in Memphis, TN and Solidus Company, based in Nashville, TN.
“Screwpulp provides tangible benefits to both authors and readers, and Start Co. is proud to support that mission,” said Start Co. founder and CEO, Eric Mathews. "Richard and his team have fully leveraged the Start Co. platform from raw idea to 48 Hour Launch to Seed Hatchery and now Start Co. Angels. We are happy to be a part of this latest milestone.”
In addition to the investment, Screwpulp is expanding its board. Brad Silver, CEO of Quire, and Joe Wikert, publishing futurist formerly with O’Reilly Media will join the board.
“I’ve had the pleasure of meeting with about 2 to 3 dozen different publishing and content industry startups and founders and I have to say that Richard and his team at Screwpulp rank right at the top” said Wikert. “They have something I think is really set to disrupt what’s going on in publishing.”
"We are excited about the future,” said Billings. “We are thankful for the support of our mentors, Start Co., and a>m ventures. They have played a huge role in guiding us from the early idea-stage to a growing company.”
Screwpulp accepts book submissions across a wide range of genres with no exclusivity and allows one free download a day for users. For more information on publishing your book with Screwpulp please visit, https://www.screwpulp.com/publish. To learn more about Screwpulp and browse books currently available, please visit http://screwpulp.com.
About Screwpulp, Inc.:
Screwpulp is a self-publishing platform that makes it easier than ever for authors to publish, market, and profit from their work. Screwpulp uses a crowd driven pricing model that helps market and build demand for each book. By allowing readers to drive the pricing and content, they decide what they want – not what the publishing industry thinks they want. Screwpulp is starting a new chapter in publishing.