They've just signed a deal with Zed, a leading mobile content distributor. Zed will be working with 24symbols to bring its subscription-based content to Zed's nearly 200 telecom partners around the world.
The distributor is also making a capital investment in 24symbols, providing a significant fund for expansion as well as validating the business model. Zed is investing an unnamed sum in 24symbols in exchange for a 32% interest in the startup.
24symbols has spent much of its first couple years focused on the Spanish language market, but in the past 6 months they have expanded their focus and added more content in English and other languages. The service now has over 175,000 registered users who are reading content from 120+ publishers. 24symbols offers around 15,000 titles, largely in English and Spanish, which can be read in the web browser or in apps for Android, the iPad, and iPhone. Subscription starts at 5 euros a month, and there is free content that you can try before subscribing.