Lit Books Inc.

Lit Books Inc. specializes in transforming bestselling non-fiction books into engaging videobooks, enhancing the learning experience for users who favor visual content. Founded in 2018 in New York, Lit Books Inc. creates videobooks that distill key ideas from non-fiction literature into a documentary-style format.

The company raised USD 5. 000 mn in Seed funding on October 13, 2021, led by MaC Venture Capital and joined by Bloom Equity Partners, Founders Fund, and Noemis Ventures. To date, Lit Books Inc. has completed one funding deal, raising a total of USD 5.

000 mn. LIT Videobooks offers a unique digital media product that transforms bestselling non-fiction books into videobooks. These videobooks distill the core ideas from each chapter into a documentary-like format, with an average duration of under one hour, making them accessible for users who prefer visual learning. The service targets a diverse audience that includes business professionals, educators, and lifelong learners, providing an innovative learning experience that enhances comprehension and retention of information.

LIT partners with acclaimed non-fiction authors to produce these videobooks, which are available exclusively through their platform. The primary geographical markets served by LIT Videobooks include North America and Europe, where the demand for digital educational content continues to grow. LIT Videobooks generates revenue primarily through direct-to-consumer sales, where customers can purchase individual videobooks or subscribe for access to their entire library. The pricing structure for these videobooks is set at USD 30.

00 per title, allowing users the option to build their personal collection of educational resources. Additionally, LIT offers a trial period for new users, granting free access to their library for three days, which serves both as an introductory offer and a marketing strategy to encourage subscriptions. This model fosters consumer engagement while maximizing the reach of their educational content. The company’s offerings include a range of videobooks that cover various topics relevant to business and personal development, enhancing its appeal to a broad customer base.

In October 2021, Lit Books Inc. raised USD 5. 000 mn in Seed funding to secure additional titles and finalize books currently in the pipeline. The company aims to expand its product offerings by launching new videobooks targeted towards specific educational topics.

Additionally, Lit Books plans to enter emerging markets in Asia and South America by 2023, leveraging the recent funding to enhance its content library and marketing efforts to attract a global audience.