Libraro, a London, UK-based provider of a platform bringing together writers, readers, and publishers, received a follow-on investment from Ayre Ventures.
The undisclosed amount brought the total investment from Ayre to £1M since its initial seed funding in October 2024.
The company intends to use the fund to expand operations and its development efforts
Led by CEO Arsim Shillova, Libraro provides a platform that leverages blockchain technology to protect authorship, prevent copyright infringement, and enhance transparency in ownership and distribution rights. Its Web3 loyalty program creates engagement, building trust among readers, authors, and publishers alike.
To support its rapid growth, Libraro has strengthened its leadership team with four strategic hires:
- Head of Author Engagement: Former Head of Audience Development at HarperCollins, and a leading figure behind author and BookTok communities, supporting thousands of writers in navigating the publishing landscape.
- Head of Reader Engagement: Brings valuable reader-focused content strategy experience with HarperCollins and Pan Macmillan and commands a digital audience of over 30,000 readers.
- Head of Partnerships: Editor and co-founder of a leading publishing publication with a reach exceeding 300,000 writers globally, now spearheading Libraro’s industry alliance strategy.
- Incoming CTO: Brings deep expertise in AI and platform development, having led high-impact projects at globally recognised organisations including IBM, Unilever, and Cargill.
FinSMEs
07/04/2025