San Francisco – Inkling, the developer of a digital textbook
platform for the iPad, said on Wednesday it has secured "significant"
minority investments from educational content providers McGraw-Hill and
Previous backers Sequoia Capital, Felicis Ventures, Kapor Capital and
Sherpalo Ventures also participated in the multi-million dollar financing.
news comes as both McGraw-Hill and Pearson have committed to build interactive
editions of their top titles for the Inkling platform.
"Until now, digital
textbooks have failed to gain real traction because they add little value over
the printed book," said Matt MacInnis, the company’s founder and CEO.
"But Inkling is different. We build every textbook from the ground up for
iPad to create a more engaging learning experience."
San Francisco-based Inkling’s
platform includes interactivity with other students, self-quizzes, search and
annotation tools and the ability to buy by the chapter.