The Brook Venture Fund and the Venture Capital Fund of New England have given Texterity Inc., an e-publishing services vendor based in Southborough, Mass., a combined $2.7 million in financing at a time when the company and the industry could use some encouragement.
Texterity offers its clients TextCafe service, an automated text conversion process, as well as a variety of digital marketing and distribution services. The new round of funding will enable Texterity to invest in technology development and expand its sales and marketing services.
Martin Hensel, president of Texterity, told PW that the investment will enable Texterity to continue to develop its TextCafe technology and to expand its sales and marketing services. "This investment shows that VCs believe in e-books," Hensel said, "and that they're not concerned whether they take off this year or this month. They know e-books make sense."