wattpad

E-book Community Wattpad Scores Angel Funding

Next Story

NSFW: Extraordinary Popular Delusions and the Madness of Crunchies

The flurry of e-book readers that are descending upon us has prompted investors to take a closer look at companies set to ride the wave.

Wattpad this morning announced that it has secured a round of funding with a number of private investors, although the e-book community operator and mobile app developer declined to disclose the size of the round.

The consortium of angel investors that injecting capital into Wattpad include Harvey Beck and Alan Levine, former co-CEOs of ICOM and Bert Amato, co-founder of Delrina.

Launched in January 2007, Wattpad is a YouTube-like community that allows its members to read and share e-books on the Web and on mobile devices. According to the company, the site’s catalog boasts ‘hundreds of thousands’ of novels, short stories, fan fiction, essays, jokes and more. Example: Dickens’ A Christmas Carol.

Wattpad says it has delivered hundreds of million of pages from its 120,000 strong e-book library to mobile devices, having developed custom applications for iPhone, Android, BlackBerry and Java alongside a mobile website at m.wattpad.com.

blog comments powered by Disqus