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
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Products & Services of Wattpad
Wattpad offers a comprehensive portfolio of products and services, including Wattpad App, Wattpad Books, and Wattpad Studios. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for reading and writing user-generated stories.
Service for turning stories into published books.
Platform connecting writers with entertainment partners.
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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
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(12 Sep 2011)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series D - Wattpad | Valuation | Times Bridge |
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| Jan, 2018 | Amount | Series D - Wattpad | Valuation | Tencent , Kickstart Ventures |
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| Apr, 2014 | Amount | Series C - Wattpad | Valuation | OMERS |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Strategic investment and partnership services are provided by Times Bridge for global companies targeting the Indian market.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Multiple sectors are targeted through private equity by Raine.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wattpad
Wattpad has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Redroom.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of branding and web design services
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wattpad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wattpad Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Art-inspired stories are created collaboratively on an online platform.
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| domain | founded_year | HQ Location |
Provider of social storytelling platform
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| domain | founded_year | HQ Location |
Personalized AI-generated stories for children are delivered on iOS devices.
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| domain | founded_year | HQ Location |
Provider of a storytelling platform
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| domain | founded_year | HQ Location |
A SaaS platform for digital storytelling is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wattpad
Frequently Asked Questions about Wattpad
When was Wattpad founded?
Wattpad was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Where is Wattpad located?
Wattpad is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Wattpad a funded company?
Wattpad is a funded company, having raised a total of $117.82M across 6 funding rounds to date. The company's 1st funding round was a Series C of $46.67M, raised on Sep 12, 2011.
What does Wattpad do?
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.
Who are the top competitors of Wattpad?
Wattpad's top competitors include Remento, TerriblyTinyTales and Magic Story.
What products or services does Wattpad offer?
Wattpad offers Wattpad App, Wattpad Books, and Wattpad Studios.
How many acquisitions has Wattpad made?
Wattpad has made 1 acquisition, including Redroom.com.
Who are Wattpad's investors?
Wattpad has 18 investors. Key investors include Tencent, NAVER, Khosla Ventures, Northleaf, and BDC.
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