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LibreDigital Raises $15M

Austin-based LibreDigital, a developer of tools to help convert books, newspapers, and other content into digital format, said today that it has raised $15M in a Series B funding round. The round was led by Triangle Peak PArtners, and also included Adams Capital Management. The firm also said it has continued backing from HarperCollins Publishers, The New York Times Company and Noro-Moseley Partners. LibreDigital said the funding will go to expand marketing and development of its product, which helps companies create electronic books and newspapers. David L. Pesikoff of Triangle Peak Partners joins the board along with the funding. More information »