About Wattpad
Wattpad is a company based in Toronto (Canada) founded in 2006 was acquired by NAVER in January 2021. Wattpad has raised $117.82 million across 6 funding rounds from investors including Tencent, NAVER and Khosla Ventures. Wattpad has completed 1 acquisition, including Redroom.com. Wattpad offers products and services including Wattpad App, Wattpad Books, and Wattpad Studios. Wattpad operates in a competitive market with competitors including Storybird, TerriblyTinyTales, Magic Story, Miraquill and Tales, among others.
- Headquarter Toronto, Canada
-
Sectors
Media & Entertainment
-
Phone
Locked
-
Website
Locked
-
Social
Locked
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Wattpad
Wattpad offers a comprehensive portfolio of products and services, including Wattpad App, Wattpad Books, and Wattpad Studios.
Mobile app for reading and writing user-generated stories.
Service for turning stories into published books.
Platform connecting writers with entertainment partners.
People of Wattpad
Unlock access to complete
Software Development Team
21 people
Engineer Team
14 people
Data Analysis and Operations Team
11 people
Senior Team
11 people
Human Resources and Administration
9 people
Product Management Team
8 people
Platform Team
3 people
Backend Team
3 people
Unlock access to complete
Funding Insights of Wattpad
Wattpad has successfully raised a total of $117.82M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Wattpad
Wattpad has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, NAVER and Khosla Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Strategic investment and partnership services are provided by Times Bridge for global companies targeting the Indian market.
|
Locked | Locked | Locked | |
|
Corporate-backed venture capital firm focused on fintech, healthcare, and multiple sectors
|
Locked | Locked | Locked | |
|
Multiple sectors are targeted through private equity by Raine.
|
Locked | Locked | Locked |
Investor details for Wattpad
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Wattpad
Wattpad has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Redroom.com.
Investment portfolio details for Wattpad
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Provider of branding and web design services
|
Locked | Locked | 2008 | Locked |
Complete acquisition details for Wattpad
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Wattpad
Detailed financials for Wattpad
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Wattpad Comparisons
Peer comparison for Wattpad
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Wattpad
Wattpad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Storybird, TerriblyTinyTales, Magic Story, Miraquill and Tales, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Art-inspired stories are created collaboratively on an online platform.
|
|
| Locked | Locked | Locked |
Provider of social storytelling platform
|
|
| Locked | Locked | Locked |
Personalized AI-generated stories for children are delivered on iOS devices.
|
|
| Locked | Locked | Locked |
Provider of a storytelling platform
|
|
| Locked | Locked | Locked |
A SaaS platform for digital storytelling is provided.
|
Detailed competitors of Wattpad
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Wattpad
Complete news archive for Wattpad
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wattpad
Wattpad was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Wattpad is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Wattpad is a funded company, having raised a total of $117.82M across 6 funding rounds to date.
Established in 2006 in Toronto, Canada, Wattpad functions as a digital platform in the online content sector. Stories, articles, fan fiction, and poems are uploaded by users through the website or iOS and Android apps. Contributions from emerging, established, and novice writers are hosted. Interactions such as comments, likes, and group memberships are facilitated among participants.
Wattpad's top competitors include Remento, TerriblyTinyTales and Magic Story.
Wattpad offers Wattpad App, Wattpad Books, and Wattpad Studios.
Wattpad has made 1 acquisition, including Redroom.com.
Wattpad has 18 investors. Key investors include Tencent, NAVER, Khosla Ventures, Northleaf, and BDC.