LVL Technologies, Inc.

LVL Technologies, Inc. develops innovative mobile applications to enhance the writing and research experience for students and educators, focusing on citation management and reading platforms. Founded in 2012 and headquartered in Austin, US, LVL Technologies, Inc. specializes in mobile applications that improve academic processes.

The company raised USD 6. 75 mn in a Series A round led by Samsung Strategy & Innovation Center in August 2017, with participation from Maxim Integrated Products, Inc. Nithin Rajan is the founder of the company, which has completed a single funding deal to date. LVL Technologies primarily offers mobile applications that enhance the writing and research processes for students and educators.

Key products include citation management software like EasyBib, which assists users in formatting bibliographies with over 7,000 citation styles. The flagship application Scribd provides subscribers access to a vast library of books and audiobooks, alongside offline reading options. Additionally, the company offers platforms such as Chegg for buying, renting, and selling textbooks, as well as providing tutoring services across various subjects. Its products are available globally, with a focus on North American and European markets, serving students, educators, and academic institutions.

LVL Technologies generates revenue primarily through subscription models and direct transactions with end users. Scribd operates on a monthly subscription basis, enabling users to access various books and audiobooks for a fixed fee. Chegg facilitates transactions for renting or purchasing textbooks and offers tutoring services, which may also involve subscriptions. The pricing structure varies based on specific services accessed, catering to both individual consumers and educational institutions across the academic market.

In August 2017, LVL Technologies secured USD 6. 75 mn in Series A funding to support its future growth initiatives. The company plans to develop new educational products aimed at enhancing user experiences and expand its market reach, targeting additional regions in Europe and Asia by 2023. This funding will be utilized to bolster product development and support entry into these new geographic markets.