Chicago-Based E-Textbook Platform RedShelf Raises $15M in New Funding

RedShelf, an e-book marketplace used by universities and students, has recently raised an additional $15M of funding by expanding campus-wide delivery models (known as Inclusive Access and Equitable Access) that put more affordable, accessible, and effective digital textbooks and courseware solutions into students’ devices by the first day of class.

The fresh funding round comes after the company released version two of RedShelf Manager. This end-to-end platform integrates with university systems and enables students and instructors to access required course materials through their school’s bookstores.

Founded in 2012, RedShelf transforms traditional learning materials for over 10,000 publishers and delivers digital content to millions of learners at over 1,800 institutions and businesses. Through its online marketplace, students can purchase or rent digital textbooks needed for their courses. The platform has open roles in its engineering, operations and product departments.

Commenting on the fundraising, Co-founder & CEO of RedShelf, Greg Fenton, said:

Colleges and universities see that students need and want fully digital course materials options in 100% of classes. This funding will allow us to elevate awareness of our brand and implement these models to meet the digital-first future for all students even faster.

Headquartered in Chicago, Illinois, the company digitizes learning content generated by publishers and creators, facilitates the material selection and pricing process between the publisher and the school, launches the range through the school’s Learning Management System, and allows the student to access the content on it’s recently released version 7 of its award-winning eReader.

In 2018, RedShelf had secured $25 million as a part of its Series C funding round led by an entity advised by DNS Capital (DNS).