With RedShelf and the National Association of College Stores new partnership, we wanted to share a follow up. As RedShelf and NACS have both released their news regarding the closing of a Series A funding round, you can read NACS' the full release here.
A few highlights from the NACS release:
"In an effort to ensure the stability and continued development of a digital course materials platform that’s simple and cost-effective for any campus store, their students, and faculty, the National Association of College Stores (NACS) has invested $1 million to acquire a minority share in RedShelf, a Chicago-based e-textbook company."
“It’s a very store-friendly model, with no upfront costs for the store.” In lieu of a setup fee, RedShelf has a revenue-sharing arrangement with its clients, which enables any size or type of store to get started in digital materials with minimal financial outlay.
As NACS represents more than 3,000 stores that serve colleges, universities and K-12 schools in the United States, Canada and around the globe, this partnership will help with RedShelf's mission to spur digital adoption to the learning community.
"The strategic investment will allow NACS to support the ongoing progress and viability of the RedShelf platform with an eye toward helping keep stores current with digital technologies. In addition, Schlichenmayer will hold a seat on RedShelf’s board of directors. Through indiCo, NACS will also continue to partner with other digital course materials providers that it has been working with for many years."
To learn more about NACS, please visit their website!
To read RedShelf's full release, please click here!