Wattpad

Wattpad is an Internet community for readers and writers to publish new user-generated stories in different genres, including classics, general fiction, historical fiction, non-fiction, poetry, fan-fiction, spiritual, humor, and teen fiction.

Wattpad’s vision is to entertain and connect the world through stories. The global multi-platform entertainment company uses the power of community and technology to enable the creation and distribution of content across a variety of formats.

Wattpad was founded in Dec 11, 2006 by Allen Lau, Ivan Yuen. The company is proudly based in Toronto, Canada.

 

Wattpad's flagship app, Wattpad, is home to a community of more than 65 million people who spend over 22 billion minutes a month engaged in original stories. Tap by Wattpad, the company’s second storytelling product, offers short, chat-based stories in over a dozen languages.

 

Wattpad Studios co-produces stories for film, television, digital and print, together with industry partners. Wattpad Brand Solutions offers a full suite of advertising products to help brands build deep engagement with Millennial and Gen Z consumers.

 

Wattpad is backed by leading global investors including Tencent Holdings, Golden Ventures, OMERS Ventures and others. The platform claims to have an audience of more than 70 million users, who can directly interact with the writers and share their opinions with fellow readers. Although available in over 50 languages, 77% of its content is written in English. A number of Wattpad users are translating stories to continue to build the platform.

 

 

  • Year founded: 2006
  • Funding Info: $117.8M in 6 funding rounds (Last funding type: Venture - Series Unknown)
  • Yearly Revenue: $10M-$20M (2018)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Toronto
  • State: Ontario
  • Country: Canada
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