book2book

  booktrade.info

Search Booktrade.info:  


Friday 25th July

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

Collaborative-writing Platform Wattpad Gets $46m In Financing For Global Expansion

Posted at 7:41AM Wednesday 09 Apr 2014

Wattpad, a collaborative-writing community that helps new authors connect with a community of fans and fellow writers, has closed a new round of financing worth $46 million that co-founder and CEO Allen Lau says will help it expand internationally and support its growing user base. The latest round was led by OMERS Ventures, the venture arm of a large Canadian pension-fund manager, and included August Capital as well as previous backers Khosla Ventures, Union Square and Yahoo co-founder Jerry Yang.

Gigaom




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Rizzoli To Buy Welcome Books
www.publishersweekly.com

Titles will continue to be sold and distributed domestically by Random House

Judge Takes Issue With Apple's $450m E-books Settlement Offer
www.cnet.com

After the tech giant agrees to pay millions in the e-book price-fixing lawsuit, the presiding judge says, "I'm concerned about the terms of the settlement."

Amazon's Comixology Delivers DRM-Free Comics Backups
www.cnet.com

At San Diego Comic-Con, digital comics reader and marketplace Comixology unveils long-requested feature

Oyster All-you-can-read E-book Service Extends To Browsers
www.cnet.com

The monthly subscription service that lets you read an unlimited number of e-books is now available on any desktop or mobile browser

Literary Agent To Re-publish Author's 2004 Novel
www.publishersweekly.com

"So many things go wrong in publishing, and it has nothing to do with the author; I see it all the time..."

BSkyB Poised To Seal 'Sky Europe' Deal
www.theguardian.com

UK broadcaster to acquire sister companies in Germany and Italy in deal that could net Rupert Murdoch as much as $10bn

Account Sign-In

Most Popular Stories

  1. World's Coolest Bookstores
  2. Man Booker Prize 2014: Crowdfunded Novel On Longlist
  3. The 10 Biggest Mistakes New Authors Make
  4. Survey: Book Buyers Leaving Amazon Because Of Hachette Dispute
  5. Amazon Reports $126m Quarterly Loss
  6. Literary Agent To Re-publish Author's 2004 Novel
  7. Booker Prize Longlist Set To Be Revealed
  8. Man Booker Prize: David Nicholls And Ali Smith Among 13 Names On Longlist
  9. Comic-Con 2014: What To Expect
  10. Waterstones 'Local' Bookstore Meets Opposition From Residents