Textbook Rentals Service CampusBookRentals.com Raises $20 Million

Posted Aug 2, 2011

CampusBookRentals.com is a company that allows customers across 5,600 college campuses to rent textbooks online. CampusBookRentals.com announced a round of growth financing with total equity and credit facilities of over $20 million. CampusBookRentals.com competes directly with Chegg.com and BookRenter.com.

CampusBookRentals.com was started in the basement of Alan Martin, the CEO of the company. CampusBookRentals.com has been profitable since shortly after the company started. CampusBookRentals.com has had trip digital revenue growth until recently.

CampusBookRentals.com allows students to search for books by ISBN, title, author, and keyword. The service also offers free shipping to and from their college dorms. This round of financing was led by Level Equity, Five Elms Capital, and Cherokee & Walker.