Buku is a software company that provides business management solutions. It offers features like party ledger, expense management, sales, purchases, and account management for free. Additionally, it provides optional subscription-based services such as inventory and billing, staff management, CRM, custom projects, and online store functionalities.
Buku was founded in 2015 by Jeff Van Der Laan and Alexander Postma. The idea originated in 2010 when the founders recognized the high costs of textbooks for students. They presented their concept to publishers and began development with the support of their first business angel, Vincent van Wieren. The platform officially launched in the Netherlands in 2017 and has since expanded internationally, including markets like Suriname, Kenya, and the southern Pacific.
Buku has raised funds through various rounds of venture capital. The company secured $2.25 million in a later-stage VC round, although this deal was later canceled. Previously, Buku completed a Series A round in March 2020.
Buku offers a range of features designed to enhance the studying experience:
Digital Library: Unlimited access to over 150,000 textbooks covering more than 1,000 topics.
Study Tools: Built-in tools like full-text search, one-click referencing, reading list creation, highlighting, and note-saving.
Accessibility: Available online and offline on various devices, including iOS and Android apps.
Buku has focused on expanding its platform and capabilities rather than acquiring other companies. The company has grown its presence in existing markets and entered new ones, such as Namibia, Guyana, and Barbados. Buku has also participated in international projects, including a World Bank project in Malawi.
Buku continuously develops new features to improve the user experience. Recent additions include enhanced study tools, better offline access, and expanded content libraries. The platform aims to make studying more efficient and accessible for students worldwide.
Buku prides itself on a dynamic and collaborative work environment. The company values flexibility, innovation, and teamwork. The team comprises motivated individuals from diverse backgrounds, fostering a culture of continuous improvement and mutual support. Buku’s mission is to make educational books accessible and affordable for learners globally.
Buku serves a diverse user base, including students, teachers, and educational institutions. The platform has gained traction in various countries, with a growing number of users benefiting from its extensive library and study tools. Buku also collaborates with publishers to provide a sustainable business model and gain insights into user behavior.
