RedShelf
Helping the learning community transition to digital through software that makes learning materials, like eTextbooks, affordable and easy to use on all devices.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 7.6x EV/Revenue | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| USD | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | - | 9 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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RedShelf operates as a digital learning platform within the educational technology market, focused on making course materials more affordable and accessible for higher education students. Founded in Chicago in 2012 by Greg Fenton and Tim Haitaian, the company was born from their vision to address the high cost of traditional textbooks. The founders' journey began during their college years; Haitaian, a finance and accounting graduate from Arizona State University, and Fenton, a former professor, initially created a note-trading website. This early venture evolved into a more collaborative approach with educators, leading to the creation of RedShelf's core platform.
The company's primary clients are higher education institutions, including campus bookstores and course materials managers, serving millions of students annually. RedShelf's business model is centered on its end-to-end Content Delivery System (CDS), which streamlines the acquisition and distribution of digital course materials. Revenue is generated by facilitating the sale and distribution of nearly a million digital titles from over 600 publishers. The platform supports various access models, including "Inclusive Access" and "Equitable Access," which bundle the cost of digital materials into tuition or fees, ensuring students have access on the first day of class at a reduced price. In April 2025, RedShelf was acquired by VitalSource, a move intended to expand its network and accelerate development in the changing edtech landscape.
RedShelf's main offering is its digital platform and proprietary eReader. The eReader provides students with a suite of study tools designed to enhance learning, such as the ability to highlight text, take and share notes, create flashcards, build study guides, and generate citations. Additional features include a text-to-speech function and offline access. For institutions and campus stores, the platform provides a dashboard to manage digital content, from faculty adoptions and pricing to distribution and billing, integrating directly with university learning management systems (LMS).
Keywords: digital textbooks, course materials, eReader, higher education, EdTech, content delivery system, inclusive access, educational platform, textbook affordability, e-learning solutions