GigaOm reports that PaperC, a German eBook retailer, is trying to raise from €50,000 to €100,000 through a crowdfunding site in order to transition to a HTML5-based platform. PaperC allows users to purchase eBooks by the page, chapter or entire title, and plans to offer a monthly subscription program giving members unlimited access to the company's entire collection. The company currently has 120,000 registered users and distributes titles from more than 100 publishers.
PaperC is working with German crowdfunding site Innovestment to raise
funds to launch PaperC.com, a new platform that is based on HTML5,
instead of the current PDF-based platform. They've developing their own
HTML5 eReader and PDF-to-ePub converter.