Inkling Raises Series A Funding Round Led by Sequoia Capital

Peter Currie, Former CFO of Netscape, Joins Board

SAN FRANCISCO--(BUSINESS WIRE)--Inkling(tm) announced its Series A financing today, led by Sequoia Capital with participation from Kapor Capital, Sherpalo Ventures and Felicis Ventures. Inkling delivers engaging interactive textbooks that feature powerful social collaboration, integrated multimedia, and instant learner feedback. Inkling also launched its platform for advanced learning content today with the immediate availability of its iPad app.

“With its visionary product strategy and phenomenal team, Inkling is leading the way for digital content platforms, not just in education, but in digital publishing everywhere. We're excited to be a part of it.”

Inkling Founder and CEO Matt MacInnis announced that the company has added Peter Currie, Former CFO of Netscape, and Bryan Schreier, Partner, Sequoia Capital, to its board.

The publishing industry is undergoing a fundamental transformation as devices like iPad enable new interactive digital experiences. Getting content onto these devices is expensive, and best practices aren't yet established. Educational content in particular presents special challenges because of its visual and informational complexity. Inkling provides a scalable platform for creating complex interactive experiences for multiple platforms, starting first with iPad.

"We're going to change the way people learn," said Mr. MacInnis. "And our object-oriented publishing platform positions us to accelerate change in the publishing industry, benefitting publishers, students, and educators alike."

"Inkling has produced a groundbreaking platform for interactive content publishing in a market that's primed for innovation," said Mr. Schreier. "With its visionary product strategy and phenomenal team, Inkling is leading the way for digital content platforms, not just in education, but in digital publishing everywhere. We're excited to be a part of it."

Inkling was founded in late 2009 to tackle the challenges of interactive publishing. Inkling's partnerships with major publishers like Cengage Learning, John Wiley & Sons, McGraw-Hill, and Wolters Kluwer will yield next-generation interactive titles that replace traditional textbooks and other printed learning materials.