OverDrive, which provides infrastructure and services for the distribution of digital content such as ebooks, audiobooks, music and videos, has raised capital from PE firm Insight Venture Partners, the New York-based backer of the likes of Twitter, Chegg, Privalia, Newegg and HauteLook. The size of the financing round remains undisclosed, but OverDrive says it concerns a "major investment" and the provision of additional resources and capital by the investment firm is subject to regulatory approval.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/1gcdiL7JSgI/
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