Nova invests in Liverpool’s online book platform Prolific North

0

Nova Growth Capital has invested £195,000 in Liverpool’s online book platform Resurgence Novels.

The startup publishes new chapters from “some of the best serialized authors in the world” every week.

“We’re thrilled to have received an investment from Nova and can’t wait to start building our platform and promoting the fantastic writers we’ve been waiting for behind the scenes,” said author and co-founder, Heather Mae. Linton.

“I’ve worked in this industry for many years and one of the biggest issues is the quality of content and the fairness of author compensation. Our platform promises to solve these problems by editing content before it is published and by compensating authors fairly for their work. »

Resurgence Novels claims that authors are fairly rewarded for their contributions and that their work is edited before publication – currently a major issue in the industry.

Each month, readers can access a wide range of novels through a subscription. They then get tokens, which can be spent on novels as well as chatting with other readers on the platform.

“Resurgence Novels is a really interesting concept that operates in a large and growing industry. There are fundamental issues that exist in the space in terms of quality rates and author compensation,” explained Olivia Greenberg, Director of Nova’s growth.

“We believe Resurgence Novels can solve these problems and create a platform that users will be proud to be part of. The Investment Committee was so impressed with the experience and passion of the all-female founding team that we are thrilled to have invested in the startup.

As well as providing investment, Liverpool-based Nova will offer product development, marketing and mentoring.

Share.

Comments are closed.