Kobo

Kobo

Sells e-books, audiobooks, and devices

Overview

Create a concise company summary for Kobo based on the provided description. Include what the company does (selling e-books, audiobooks, e-readers, and tablets), how its products work (digital bookstore accessible on proprietary e-readers and apps across platforms; E Ink e-readers for comfortable reading), how it differentiates from competitors (focus on a large digital library, integration with Rakuten, proprietary reading devices with paper-like screens, desktop reader/app), and its goal (to provide convenient access to digital content and reading devices for a seamless reading experience).

Significant Headcount Growth

About Kobo

Simplify's Rating
Why Kobo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Consumer Software

Consumer Goods

Entertainment

Company Size

501-1,000

Company Stage

Acquired

Total Funding

$315M

Headquarters

Toronto, Canada

Founded

2009

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Simplify's Take

What believers are saying

  • Kobo Plus launched in six countries on May 27, 2026, expanding subscription reach.
  • Best Buy added Kobo to 500 U.S. stores on August 27, 2026.
  • Kobo's U.S. sales doubled in 2025 and 2026, per Publishers Weekly on August 14.

What critics are saying

  • Amazon Kindle still dominates U.S. e-readers, limiting Kobo's scale and pricing power.
  • Kobo's Best Buy shelf space depends on one retailer's merchandising decisions.
  • If Rakuten deprioritizes Kobo, the standalone device business loses funding and strategic support.

What makes Kobo unique

  • Kobo natively supports EPUB and OverDrive, unlike Kindle's proprietary ecosystem.
  • June 2026 StoryGraph sync makes Kobo the only e-reader with native progress tracking.
  • August 2026 Best Buy placement gives Kobo U.S. shelf visibility beyond online channels.

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Funding

Total Funding

$315M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Remote Work Options

Health Insurance

Paid Sick Leave

401(k) Company Match

Commuter Benefits

Health Savings Account/Flexible Spending Account

Employee Discounts

Parental Leave

Professional Development Budget

Training Programs

Meal Benefits

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

↑ 12%

1 year growth

↑ 12%

2 year growth

↑ 12%
TechCrunch
Jun 29th, 2026
Kobo eReader integrates with StoryGraph to challenge Amazon's Kindle-Goodreads empire

Rakuten's Kobo eReader has integrated with StoryGraph, a reading tracker platform, allowing users to automatically sync their reading progress and habits. The integration, announced in May and now live, makes Kobo the first eReader to partner with StoryGraph's book community platform. The move challenges Amazon's Kindle-Goodreads ecosystem, which has historically dominated digital book tracking through seamless device integration. When users finish books on Kobo devices, they're automatically marked as "Read" on StoryGraph, updating reading statistics for both ebooks and audiobooks. Founded in 2019 by Nadia Odunayo and Rob Frelow, StoryGraph has grown to over five million readers without outside funding. The platform offers detailed analytics on reading moods, pace and habits, plus community features like reading challenges and book clubs. The integration brings StoryGraph to Kobo's 12 million users across 190 countries.

MobileSyrup
Jul 15th, 2020
Kobo Nia Review: Basic is best

When it comes to e-readers, there are quite a few across the market, and the Nia is Kobo's lowest costing option

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