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General Information

Offices

Headquarters
177 Bovet Road
Floors 2 & 3
San Mateo, CA, 94402
USA

People

CEO
CTO
CFO
VP, Sales
VP, Engineering
VP, Marketing
VP, E-Commerce
Board Member

Funding

TOTAL $56M
FUNDING TOTAL $56M
Series A, 11/2009
Storm Ventures
Adams Capital Management
$6M
Series B, 6/2010
Norwest Venture Partners
Storm Ventures
Adams Capital Management
$10M
Venture Round, 2/2011
Adams Capital Management
Focus Ventures
Norwest Venture Partners
Storm Ventures
$20M
Private Equity, 10/2012
Storm Ventures
$20M
DEBT TOTAL $30M
Debt, 9/2010
Comerica Bank
$10M
Debt, 2/2011
Lighthouse Capital Partners
Comerica Bank
$20M

Competitors

Tags

Rafter

Rafter is an education technology company and the leader in course materials management. Rafter offers a cloud-based Course Materials Network (CMN) that enables schools to significantly improve the affordability, effectiveness and accessibility of their educational materials. The Rafter Network leverages the latest technology to connect students, educators, administrators and content providers – changing the course content experience from a burden to a rewarding process for all constituents. Above all, Rafter is proud to partner with more than 500 schools to improve the educational experience for students. Rafter owns and operates BookRenter.com, a destination site for students to rent and buy textbooks at up to 80 percent off. To date, Rafter has saved students more than $200 million dollars and counting and provided more than one hundred thousand books to children in support of early literacy. Rafter, headquartered in San Mateo, CA, is a privately held company. To learn more visit www.rafter.com

Rafter was formed from the rebranding of popular textbook rental service (and Chegg competitor) BookRenter in July 2012.

Recent Milestones

Videos

Rafter: Education Unbound from Rafter on Vimeo.

Above:

Rafter: Education Unbound

Added: 4/5/12

Screenshots

Rafter screenshot
Above: Rafter.com Home Page
Uploaded: 7/6/12
Rafter screenshot
Above: Rafter Discover
Uploaded: 7/6/12

Sources

  1. Textbook Rental Market Heats Up: BookRenter Raises $6M Series A (techcrunch.com) [edit]
  2. BookRenter Raises $10 Million To Be The Netflix For Textbook Rentals (techcrunch.com) [edit]
  3. TechCrunch [edit]
  4. Citation Needed [add]
  5. BookRenter Raises $40 Million To Take On Chegg In Textbook Rentals (techcrunch.com) [edit]
  6. VC Funding: Q4 2012 [edit]
  7. Rafter Scoops Up HubEdu To Help It Challenge The Textbook Industry (techcrunch.com) [edit]
    Rafter™ Launches to Revolutionize the Entire Course Materials Process for Students, Educators, and Administrators, Making Education More Affordable, Accessible and Effective (marketwire.com) [edit]
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Last Edited 4/11/14

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