Digital textbooks are at a tipping point, a recent study suggested, on a trajectory to overtake print textbooks in the coming decade. Even though they are a small part of the market now – just 3% – digital textbooks are on track to surpass 25% by 2015.
No matter where you set the target date for that tipping point, digital textbooks certainly just received a strong shove in that direction with a major investment announcement from the iPad textbook maker Inkling. The startup has raised an undisclosed round of funding, with participation from some of its initial investors including Sequoia Capital.
More significantly, this financing involves significant minority investments from the two biggest educational content companies in the world, McGraw-Hill and Pearson.
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