The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
FUND RAISING
Database Reference: F231109-294
Business: Kobo
Web: http://www.kobobooks.com
Location: Canada, Toronto
Region: North America
Business description: global eReading service with a catalog of over 2 million eBooks, and an open platform.
Category: eReading
Contact 1: Michael Serbinis, CEO of Kobo
Contact 2: Heather Reisman, founder and Chief Executive Officer of Indigo Books & Music
Contact 3: Ron Marshall, Chief Executive Officer, Borders Group
Contact 4: David Fenlon, chief executive officer, REDgroup Retail
Investors: Indigo Books & Music (who will retain approximately 58% ownership of Kobo), Borders Group, Inc., Instant Fame, a subsidiary of Cheung Kong (Holdings) Ltd. of Hong Kong, and REDGroup Retail Pty Ltd. of Australia.
Amount raised: $16,000,000
Details: Indigo Books & Music, Canada’s largest book retailer, has transferred all the assets of Shortcovers, its digital reading initiative, into a new company, Kobo. Kobo has secured $16 million in funding including $5 million from Indigo and other strategic partners.
Link: Press Release
Fusion Corporate Partners 
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