$2.5M for Akademos

Akademos, a Norwalk, CT-based startup that sells used college textbooks and course materials through online bookstores, has raised $2.5 million in equity funding, according to documents filed August 4 with the Securities and Exhange Commission. Kohlberg Ventures of Portola Valley, CA, provided the funding, according to a press release circulated today, and Kohlberg partner Bill Youstra has joined Akademos’ board, along with former eHarmony marketing executive Scott Eagle. $190,000 of the $2.5 million found will go to repay debt owed by Akademos to its CEO, Brian Jacobs, according to the filing.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

Trending on Xconomy