Award-winning publishing company Unbound has launched a “groundbreaking” app to predict crowdfunding revenue as well as the length of time required to fund a project.
Unbound, who have carved out a space in the literary market for bringing together traditional publishing and crowdfunding, have already successfully brought over 300 books to market. The company now hopes the new app, developed by their own head of data science and astrophysics, Dr Noelia Jiménez Martínez, will help improve their commissioning decisions and increase profitability.
Having recently launched their own Crowdcube campaign to help expand the publishing house, the new app could play a key role in attracting new investors.
The app uses data from more than 200,000 pledge transactions on its platform, as well as authors’ online engagement, to predict revenues. It is now being used by the company’s commissioning team, with 80% accuracy.
Already featured among Nothing in the Rulebook’s list of fabulous independent and alternative book publishers, Unbound has been making waves ever since it first emerged onto the literary scene.
Based out of a converted warehouse in London, the expert team behind the company have over 300 years of expertise in publishing and connecting people around creative projects.
They’ve got a wonderful catalogue of books they’ve already published (including ones shortlisted for the prestigious Man Booker Prize). But of course, the real thrust of Unbound comes from discovering new authors and ideas, and liberating (read: crowdfunding) them.
There are some exceptional projects currently out there – all of which are worthy of support. To give you a flavour of the variety of excellent books on offer, we’ve compiled a short list:
- The ‘Advanced Rhyming Dictionary‘, from Adam ‘Shuffle T’ Woollard – a revolutionary rhyming dictionary and workbook for multisyllabic rhymes.
- ‘Keeping On’, by James Kennedy – part memoir, part exposé of the music world’s murky underbelly and part collection of life lessons gained from many years of ‘trying’ but ultimately having to learn to live with defeat.
- ‘Crow Court‘ by Andy Charman – a novel of short stories set in Wimborne Minster, Dorset, in the 19th century.
- ‘Blackwatertown‘ by Paul Waters – think LA Confidential meets The Guard set in Northern Ireland against the backdrop of the troubles.
- ‘Never So Perfect‘ by Sobia Quazi – a domestic noir, psychological thriller set in London amongst an elite set of British Asian society.
There are also books about Brexit, deepwater diving, and illustrated satirical books about dogs (of the philosophical variety).
So, what are you waiting for? Go get funding them, eh!