Overdrive announced that Insight Venture Partners has made a major investment in the company. The investment, subject to regulatory approval, will help Overdrive to expand its resources and capital. Monetary details of the investment have not been released at this time.
Overdrive operates a digital content repository and fulfillment platform for a global network of more than 11,000 retailers, libraries, schools, and other digital channels, with partners that include publishers such as Random House, McGraw-Hill, and John Wiley. Insight Venture Partners is a private equity and venture capital firm focused on the internet, global software, and data services industries.