PublishDrive is announcing today the launch of a presence in the US, after securing £1.2MM funding from Credo Ventures, a venture capital firm based in the Czech Republic and Silicon Valley. With headquarters in Budapest, Hungary, PublishDrive is led by Forbes30Under30 Kinga Jentetics and offers authors and indie publishers a reliable, data-driven global publishing platform with excellent customer service.
PublishDrive sells ebooks on a royalty-share basis to more than 400 stores and 240K digital libraries worldwide, including major retailers such as Amazon, Apple, Google, Kobo, and Barnes and Noble, as well as local stores, schools, universities and public libraries.
CEO Kinga Jentetics founded the company as she was struggling to publish her Masters thesis. The lack of distribution opportunities promoted her to build an easy-to-use, data-driven, global publishing platform for indie authors and small publishers. With the help of her co-founders, Robert Czismar and Adam Rendes, Kinga launched PublishDrive to bring authors the widest network of readers via an intuitive user experience which gives them global reach and full transparency on the sales of their titles.
Earlier Ventures in US
The launch of a US company will not be PublishDrive’s first foray across the Atlantic. The three co-founders were selected to participate in Google’s Launchpad program in Silicon Valley. Additionally, Kinga was selected as YTILI Fellow by the US Government (German Marshall Fund) to build bridges between the US and Europe.
As the indie ebook publishing industry continues to grow with an estimated 485 million titles sold last year, PublishDrive saw a 300% increase in sales in 2016. The outstanding team has big plans to continue driving innovation in the book industry, using AI, natural language processing, and machine learning to help authors sell more books and help writers become more successful authorpreneurs..@PublishDrive US launch brings new opportunities to #selfpub & #indie authors worldwide - with CEO @KingaJentetics Click To Tweet