Tech Company Financing Transactions
Packback Funding Round
On 1/31/2019, Packback secured $2.5 million in financing from University Ventures and Hyde Park Angels.
Transaction Overview
Company Name
Announced On
1/31/2019
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Undisclosed
Investors
University Ventures (Lead Investor) (Troy Williams)
Proceeds Purpose
The new capital will help Packback maintain its rapid growth as it continues to expand its user base.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
601 South LaSalle St. 650
Chicago, IL 60605
USA
Chicago, IL 60605
USA
Phone
Undisclosed
Website
Email Address
Overview
Packback offers pay-per-use access to eTextbooks for $5 or less. To date, the market share of ebooks in the non-educational consumer book market has grown to a staggering 22.5%. eTextbooks as a percentage of the total higher education textbook market, however, has remained at a mere 8%.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Shannon
Chief Financial Officer
Nick Currier
Chief Operating Officer
Kasey Gandham
VP - Engineering
Craig Booth
VP - Product Management
Jessica Tenuta
VP - Sales
Roberto Torreggiani
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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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