book2book

  booktrade.info

Search Booktrade.info:  


Friday 3rd 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

Penguin Random House Revamps Its Author Portal
www.bookbusinessmag.com

Pooling significant resources to better support its authors

Sears Canada Head To Run Barnes & Noble
www.publishersweekly.com

Barnes & Noble has appointed a retail veteran as the new head of its retail bookstore group

Amazon Set To Pay Self-Published Authors As Little As $0.006 Per Page Read
www.theguardian.com

Writers of shorter works could lose out on revenue as company's Kindle Owners Lending Library and Kindle Unlimited no longer pay per copy downloaded

ALPSP Awards for Innovation in Publishing 2015 - the finalists
www.alpsp.org

Awards focus on new development, product, service, launch or project which is both innovative and of significant value to scholarly communication

Novelist warns UK publishers that their 'short-termism' could see the next Hilary Mantel 'slip through our fingers'
www.independent.co.uk

Desmond Elliott Prize judge called on publishers to support writers 'not only with their sparkling debuts but with their fourth, fifth, sixth novels'

Amazon Mexico Now Sells Print Books Online
publishingperspectives.com

Amazon has finally launched its full retail operations and a print bookstore in Mexico

Account Sign-In

Most Popular Stories

  1. Has George RR Martin Finished The Winds Of Winter?
  2. Claire Fuller Wins £10,000 Desmond Elliott Prize
  3. Flipkart Ranked World's Second-biggest Book Seller
  4. Amazon To Offer One-hour Delivery In London
  5. EL James's Twitter Q&A goes awry
  6. John Lewis To Charge £2 For Click-and-collect
  7. How Do I Become ... A Literary Agent
  8. Malta Is About To Become The Hot Setting For America's Latest Crime Bestsellers
  9. Publishers discover the virtues of pre-order marketing
  10. iOS 8.4 Arrives, Brings Apple Music, Changes to iBooks