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Highland Capital Partners leads $14m investment round in e-reading startup Oyster

Oyster, a New York-based startup that offers unlimited access to books for e-reading consumers, said that it has raised $14 million in a round led by Highland Capital Partners, a venture capital firm with offices in Cambridge.

Also participating in the round was existing investor Founders Fund.

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Launched in September, Oyster offers unlimited access to over 100,000 titles for a price of $9.95 per month. Oyster works with hundreds of publishers including HarperCollins, Houghton Mifflin Harcourt, Rodale, Workman, Perseus, and Melville House. In October, Oyster released Oyster for iPad. According to the company, that release quickly doubled its subscriber base.

“As the leader in this powerful new business category, Oyster is led by an exceptional team that have the vision and skills necessary to totally reinvent how we read books. We are excited to be part of their continued rapid growth and expansion,” Highland Capital general partner Bob Davis said in a statement.

Chris Reidy can be reached at reidy@globe.com.
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