Wednesday, April 9, 2008

Better World Books is a for-profit social enterprise that collects and sells books online got funding

What Company Is Offering:
Better World Books is a for-profit social enterprise that collects and sells books online to fund literacy initiatives worldwide. With more than two million new and used titles in stock, Better World Books is a self-sustaining, triple-bottom-line company that balances the social, economic and environmental values of its stakeholders.

How Much They Got From VCs:
Good Capital, LLC , the San Francisco-based investment manager of the Social Enterprise Expansion Fund and Better World Books , an independent online bookseller that capitalizes on the value of books to fund and support literacy initiatives worldwide, today announced an agreement that will provide Better World Books with up to $2.5 million in growth capital from the Social Enterprise Expansion Fund. Good Capital led the Series A Preferred round and became Better World Books' first institutional investor, while 18 private individuals will provide an additional $2 million in equity capital.

"Better World Books is a great fit for Good Capital's Social Enterprise Expansion Fund," said Kevin Jones, Principal and Co-founder of Good Capital, who will take a board seat as part of the relationship. "It's a rapidly growing, expansion-stage social enterprise that is leveraging a market-based approach, by buying and selling new and used books to improve global literacy. They are passionate and smart, and we look forward to helping them achieve their financial goals and execute on their social mission."

About VCs:
Good Capital is an investment firm that accelerates the flow of capital to innovative ventures and initiatives that harness the power of the market to create sustainable solutions to some of society's most challenging problems. The company's initiatives address a wide range of social issues including social enterprise financing, community and economic development, and healthcare financing. The company actively engages social entrepreneurs and the investment community to build the social capital market and create a better society in the process. Launched by a team with a mix of social investment, entrepreneurial, and philanthropic experience, Good Capital enjoys the strategic support of Calvert Social Investment Foundation ( and Criterion Ventures ( For additional information visit the firm's website:

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