Norwalk, Conn. – Akademos, a virtual bookstore and
marketplace for small and midsized schools, announced on Wednesday that
Kohlberg Ventures has increased its stake in the company to $5 million.
Kohlberg, which invests in early stage digital media, consumer product and
clean tech companies, first took a stake in Akademos in 2009, ten years after
the company’s founding.
Using Akademos’ service, students can choose new, used,
rental, and eBooks, while schools can reduce costs and enjoy greater operating
Also on Wednesday, Akademos named John Squires as its CEO. Squires
previously founded as the founder of Next Issue Media, the digital publishing