Monday, October 18, 2010

Digital Media Juggernaut OverDrive Nabs Funding From Insight Venture Partners

TechCrunch: "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. ..."