Technolgy Rules: Glose raises $3.4 million for its collaborative reading app

Thursday, December 13, 2018

Glose raises $3.4 million for its collaborative reading app

French startup Glose just raised a $3.4 million funding round (€3 million) for its reading app on iPhone, iPad and Android. The company wants to make reading books more social.

If you’re an avid book reader, chances are you always carry a pencil with you to write some notes in the margins. Or maybe you have a tiny notebook with important quotes. But that experience hasn’t worked well with ebooks.

Sure, you can highlight text on your ereader, in the Kindle app and other ebook apps. But it’s hard to do anything with them down the road. Glose wants to leverage your phone to let you do more with the book you’re currently reading.

OneRagTime, Expon Capital, Kima Ventures, Bpifrance participated in today’s funding round as well as business angels, such as Sébastien Breteau, Patrick Bertrand and Julien Codorniou.

Glose has its own bookstore and lets you read your own DRM-free ebooks. The app then keeps you motivated with reading streaks and other gamification aspects. But my favorite feature is that you can highlight texts, write annotations and share them with your friends.

When your friends read the same book six months later, they can open the annotations in the margin to see what you wrote down. You can follow booklists, create private reading groups and see the progress of your friends. 600,000 people have downloaded the app.

Up next, Glose wants to release a separate service called Glose Education. This version will be tailored for universities and high schools. Teachers will be able to create reading groups, assign homework, write down annotations for the class and more. This seems like a natural use case for a social reading app.