Libboo, a Boston startup that provides authors with a platform and suite of online tools to more easily share content and connect with new audiences, has raised a round of $500,000 in equity financing, according to a recent SEC filing.
The company raised its first round of seed funding of $1.1 million, led by Boston-based VC firm MassVentures, in 2012. That round also included investments from Bantam Group and Hubspot Founder Dharmesh Shah.
A MassChallenge and TechStars alum, Libboo has pivoted from its original model of crowdsourcing and team publishing to now serving as an innovative distribution engine for content creators.
Libboo is headed by Chris Howard, a former music producer who felt that the publishing industry needed a Pandora-like discovery platform.
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