College Book Renter
College Book Renter was a textbook company founded in 2009 that allows students to rent, buy and sell their college textbooks online.
History
[edit]South Eastern Book Co (SEB), based in Murray, Kentucky, announced on July 6, 2010, that it made an equity investment in College Book Renter (CBR) called Series A. The $10 million Series A investment was in the form of equity funding from SEB. In addition, College Book Renter secured $7.5 million in debt financing in 2010. With this $17.5 million, the two companies planned to work together.[1]
College Book Renter and South Eastern Book are managed by C. A. Jones Management Group, LLC, which provides an umbrella for the diverse business holdings of Charles A. (Chuck) Jones, of Murray, Kentucky.[2]
In 2013, the company went bankrupt and subsequently sold to David Griffin.[3] The company was then moved to Nashville, Tennessee.[3]
References
[edit]- ^ FinSMEs (2010-07-07). "College Book Renter Receives $10M Equity Investment from South Eastern Book Co". FinSMEs. Retrieved 2021-11-26.
- ^ Writer, HAWKINS TEAGUE • Staff. "Giving back to the community: United Way gets huge boost from local couple". Murray Ledger and Times. Retrieved 2021-11-26.
- ^ a b Online. "$18.3 million lawsuit resolved". TheNews.org. Retrieved 2021-11-26.