BookVitals (www.bookvitals.com), the application dedicated to non-fiction literature readers, received an investment of EUR 475,000. The round was run by Early Game Ventures with the participation of a group of angel investors. The legal assistance of the transaction was provided by the law firm DLA Piper Dinu.
BookVitals proposes a generous idea: remember what you read, organize your thoughts, and bring to one place the quotes and ideas that marked you, whether they come from electronic books or classic books printed on paper.
The application allows readers to convert the image of a book’s pages into text, transforming the reading experience, making it easy to make notes and collect quotes. These quotes become indexable, searchable, annotated and distributed on social networks or other digital channels. Imagine all the things you can do with a digital book now possible with a printed book, according to BookVitals representatives.
The BookVitals team prepares to launch a new version of the mobile application, enhanced with more functionality and which will provide a superior user experience. Also, the team is working on an important re-branding that better communicates the company’s values and mission.
“We are very happy to have them on our mission to improve the way people read, the Early Game Ventures and the Angels Group. Our investors have shown us a phenomenal trust, I resounded from the first discussion of values and I am sure they will continue to be alongside us throughout the complicated process of building a global company, “says Laurentiu Balasa, CEO of BookVitals.
“BookVitals is an app you fall in love with love. Beyond the utility capabilities, the application also has an important social component vital to any B2C business model. We also trust the BookVitals team. In the meantime, it has proven able to develop mobile applications that are installed nearly 700 million times,” says Cristian Munteanu, Managing Partner of Early Game Ventures.
Early Game Ventures is a venture capital fund that is funded primarily through the Competitiveness Operational Program 2014-2020 and co-funded by the European Regional Development Fund.
The European Investment Fund (EIF) is part of the European Investment Bank Group and is the main risk financier for Europe’s SMEs through venture capital, collateral and microfinance instruments. In Romania, the EIF implements financial instruments co-financed through structural and investment funds, such as JEREMIE 2007-2013, SME Initiative, ROP, JOP, NRDP.