Scribd has announced a new funding round of $58 million, led by Spectrum Equity.

Scribd is the world's largest digital library. With Scrib'd subscription service, you can read unlimited books, including best sellers and new releases, wherever you go. Scribd is now available for both IOS and Android users for just $8.99 a month, and you can read on any of your devices: phone, tablet, or computer.