Tuesday, May 14, 2013

Najafi Invests In Kids' Book Firm MeeGenius

Phoenix-based private equity investor Najafi Companies said this morning that it has invested in MeeGenius, which provides Android and iOS children's book apps. Financial details of the investment were not announced. According to Najafi, it is now a "significant strategic shareholder" of MeeGenius. MeeGenius develops a catalog of children's books for iOS and Android, which include read-along word highlighting, illustrations, and more. Najafi said it owns a number of online book companies, including Chapitre eBooks and 1K Studios.