When was OverDrive founded?

OverDrive was founded in 1986 and raised its 1st funding round 24 years after it was founded.

Where is OverDrive located?

OverDrive is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio.

Who is the current CEO of OverDrive?

Steve Potash of OverDrive. They have also founded 1 company.

How many employees does OverDrive have?

As of Jun 30, 2026, the latest employee count at OverDrive is 553.

Is OverDrive a funded company?

OverDrive is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Oct 18, 2010.

When was the latest funding round of OverDrive?

OverDrive's latest funding was a $***** PE round on Oct 18, 2010, with participation from 1 investor. Its primary sector is Book Tech. Globally, the Book Tech sector has seen $24M in funding in 2026 to date.

Where does OverDrive rank among its competitors?

OverDrive ranks 2nd amongst 713 active competitors, of which 26 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was VoyceMe, which secured $3.53M in May, 2025.

Who are the top competitors of OverDrive?

OverDrive's top competitors include Scribd, Inc, Abjjad.com and Novelpia. Among them, VoyceMe secured the most recent funding round in May, 2025.

OverDrive - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online book reading platform. The platform provides books in various categories, including fiction, fantasy, children, romance, and more. The mobile application is available for Android users.

Website: www.overdrive.com/
Social
Email ID: *****@overdrive.com
Registered Address: Cleveland, Ohio

Key Metrics

Founded Year

1986

Location

Cleveland, United States

Stage

Acquired

Latest Funding Round

PE, Oct 18, 2010, $*****

Investors

Rakuten & 1 more

Ranked

2^nd among 713 active competitors

Employee Count

553 as on Jun 30, 2026

Investment & Acquisitions

Kanopy & 3 more

Similar Companies

Scribd, Inc & 935 more

Exit Details

Acquired by KKR (Dec 24, 2019)

View OverDrive's full profile

OverDrive is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
OVERDRIVE, INC. CIN: 341522786 , United States, Active	Dec 31, 1999	-	538 (As on Dec 31, 2024)	-

OverDrive got acquired by KKR on Dec 24, 2019.

Click here to take a look at OverDrive's acquisition in detail

OverDrive has raised funding over 1 round. Its latest funding round was a PE round on Oct 18, 2010 for $*****. 1 investor participated in its latest round. OverDrive has 2 institutional investors.

Here is the list of recent funding rounds of OverDrive:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 18, 2010	3740356	PE	5517570	7356980	4375078	7394349

Access funding benchmarks and valuations. Sign up today!

View details of OverDrive's funding rounds and investors

The founders of OverDrive are Steve Potash and Jon Nigbor.

Here are the details of OverDrive's key team members:

Steve Potash: Founder & CEO of OverDrive and founder of 1 other company.
Contact Info: 1 email address
Jon Nigbor: Founder of OverDrive.

View details of OverDrive's Founder profiles and Board Members

OverDrive's employee count trend

OverDrive has 553 employees as of Jun 26. Here is OverDrive's employee count trend over the years:

Uncover OverDrive's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of OverDrive include Scribd, Inc, Abjjad.com and Novelpia. Here is the list of Top 10 competitors of OverDrive, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Scribd, Inc 2006, San Francisco (United States), Series E	AI-powered knowledge company	$105M	Redpoint Ventures, Spectrum Equity & 11 others	71/100
2nd	OverDrive 1986, Cleveland (United States), Acquired	Online book reading platform	-	Rakuten, Insight Partners	63/100
3rd	Abjjad.com 2012, Amman (Jordan), Series A	Arabic social network for book readers, writers, and bloggers	$1.16M	Innovative Startups & SMES Fund, Rimal Capital ... & 6 others	53/100
4th	Novelpia 2020, Seoul (South Korea), Series B	Online comic book reading platform	$9.89M	Sjglobalventures.com, J&M Partners & 2 others	53/100
5th	Alphanovel 2021, Limassol (Cyprus), Unfunded	App-based book reading platform	-	-	52/100
6th	Dreame 2002, Singapore (Singapore), Unfunded	Online ebook reading application	-	-	52/100
7th	Youscribe 2011, Paris (France), Seed	Online platform for digital publishing	$2.59M	Orange, Publicis & 5 others	50/100
8th	GoodNovel 2005, Singapore (Singapore), Unfunded	Online platform that offers a collection of web novels and books	-	-	50/100
9th	Bookmate 2010, Moscow (Russia), Series A	e-book Reading & digital library	$3M	Digital Ventures, Yulmart	50/100
10th	VoyceMe 2020, New York City (United States), Series A	Online comic book reading platform	$16.9M	Redpoint Ventures, Torch Capital & 10 others	49/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on OverDrive's competitors? Click here to see the top ones

OverDrive has not made any investments yet. OverDrive has made 4 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 09, 2021	Acquisition	Kanopy	2008	San Francisco (United States)
Jun 23, 2020	Acquisition	RB Digital	2008	-
Jun 07, 2019	Acquisition	Kanopy	2008	San Francisco (United States)