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04-08-2014, 05:24 PM
Wattpad Raises $46 Million to Build a Global Literary Community
http://rack.0.mshcdn.com/media/ZgkyMDE0LzA0LzA4Lzc2L3dhdHRwYWQuOTMwYTMuanBnCnAJdG h1bWIJNTc1eDMyMyMKZQlqcGc/df2aaed8/433/wattpad.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Wattpad+Raises+%2446+Million+to+Build+a+Globa l+Literary+Community&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F08%2Fw attpad-funding%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F08%2Fwattpad-funding%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Could the next billion-user Internet company be one that focuses on literature? It might sound unlikely, but that's Wattpad's goal.
Wattpad (http://www.wattpad.com/), an online community for writers and readers to share and discover good stories, an**unced Tuesday that it has raised $46 million in a ****** C round of funding led by OMERS ventures. The latest funding round brings the company's total funding to more than $60 million and is intended to help Wattpad accelerate product and user growth.
See also: People-Powered Publishing Is Changing All the Rules (http://mashable.com/2014/02/09/self-publishing-digital/?utm_medium=feed&utm_source=rss)
"We have a very ambitious goal that eventually this company can have a billion users," Allen Lau, cofounder and CEO of Wattpad, told Mashable in a recent interview. "That's exactly why we are raising this round of money: to go even faster to our vision." Read more... (http://mashable.com/2014/04/08/wattpad-funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Books (http://mashable.com/category/books/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Funding (http://mashable.com/category/funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Wattpad (http://mashable.com/category/wattpad/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/LOWVj_K51Ww
http://rack.0.mshcdn.com/media/ZgkyMDE0LzA0LzA4Lzc2L3dhdHRwYWQuOTMwYTMuanBnCnAJdG h1bWIJNTc1eDMyMyMKZQlqcGc/df2aaed8/433/wattpad.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Wattpad+Raises+%2446+Million+to+Build+a+Globa l+Literary+Community&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F08%2Fw attpad-funding%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F08%2Fwattpad-funding%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Could the next billion-user Internet company be one that focuses on literature? It might sound unlikely, but that's Wattpad's goal.
Wattpad (http://www.wattpad.com/), an online community for writers and readers to share and discover good stories, an**unced Tuesday that it has raised $46 million in a ****** C round of funding led by OMERS ventures. The latest funding round brings the company's total funding to more than $60 million and is intended to help Wattpad accelerate product and user growth.
See also: People-Powered Publishing Is Changing All the Rules (http://mashable.com/2014/02/09/self-publishing-digital/?utm_medium=feed&utm_source=rss)
"We have a very ambitious goal that eventually this company can have a billion users," Allen Lau, cofounder and CEO of Wattpad, told Mashable in a recent interview. "That's exactly why we are raising this round of money: to go even faster to our vision." Read more... (http://mashable.com/2014/04/08/wattpad-funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Books (http://mashable.com/category/books/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Funding (http://mashable.com/category/funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Wattpad (http://mashable.com/category/wattpad/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/LOWVj_K51Ww