Cork provider of digital publishing services ePub Direct has secured €1.3 million of new equity funding to support the future growth and development of the company. The investment is being led by The Ulster Bank Diageo Venture Fund, managed by NCB Ventures, with additional funding being provided by Enterprise Ireland and private investor Hannah Kiely.
Established in 2009, ePub Direct provides comprehensive e-book distribution services to publishers, enabling them to get e-books to market quickly and efficiently. The company currently employs seven people at its Cork base.
In addition to digital publishing the company handles all distribution, administration and billing on behalf of its clients, which currently include major Irish and UK publishing houses, as well as powering the e-book platforms of several of the world’s largest publishing groups. The company supplies these titles to 116 online retail stores including Amazon, Apple and Waterstones and over 15,000 online libraries from across the world.
Gareth Cuddy, CEO of ePub Direct, said: "We’re delighted to secure this investment which will allow us to expand and strengthen our team and help us realise our ambition of becoming the leading e-book distributor in Europe. In addition to the actual funding, the combined expertise and contact network of NCB and Enterprise Ireland will be invaluable to our business as we embark on the next exciting phase of our growth and development strategy."
Michael Moriarty, Enterprise Ireland manager, high potential start-ups, said: "Enterprise Ireland is delighted to be supporting ePub Direct. This is an ambitious, innovative company that is successfully carving out a niche in this new market area. They demonstrate all of the characteristics of a strong export focused company winning new business and creating jobs. We look forward to continuing to work with the company as they internationalise the business and grow their customer base into the future."
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