What I hadn't realized until now is that BitLit has venture capital financing from Michael Serbinis, the founder and former CEO of Kobo.
See
http://www.bitlit.com/blog/vancouver...nd-former-ceo/
Quote:
Vancouver Startup BitLit Helps Publishers Offer Readers Bundled Print and eBooks
May 22, 2014 (VANCOUVER, BC) – BitLit, the team behind the app that allows you to get an ebook of a print book you own, has closed its seed round financing including an investment from Three Angels Capital, the venture fund recently started by Michael Serbinis, the founder and former CEO of Kobo.
Serbinis notes that “Three Angels Capital was founded in 2014 to invest in world class teams looking to disrupt markets and change the world. As books go digital it’s clear that people continue to enjoy reading in print. With BitLit you can enjoy the convenience of an ebook, with the comfort of reading the print edition at home – a huge benefit for book lovers.”
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