by · October 11, 2012

Touting “Reading above all," new NYC-based startup Oyster aims to be a sort of Spotify for mobile reading. The subscription-based service will offer unlimited access to a growing library of titles for an undisclosed price.

Backed by a $3 million funding round led by Facebook investor Peter Thiel’s Founders Fund, the company isn’t showing off its actual product yet — but you can sign up for beta access whenever it becomes available.

For avid readers who enjoy consuming books on the go, this could be an exciting new startup to watch — although exactly how exciting will depend on the strength of its catalogue and the competitiveness of its pricing.

[via Fast Company]