Thread: Wattpad closes first round of funding
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Old 01-11-2010, 02:31 PM   #1
Nate the great
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Wattpad closes first round of funding
Quote:
Toronto, Canada, January 11, 2010 --(PR.com)-- Riding on the success of 1,216% year-over-year growth in 2009, Wattpad today announced that the company has completed its first round of funding. A consortium of private investors including Harvey Beck and Alan Levine, former co-CEOs of ICOM and Bert Amato, co-founder of Delrina participated in this round.

Wattpad, also known as "YouTube for ebooks + MySpace for writers", is the world's most popular ebook community where readers and writers discover, share and connect. The investment will allow Wattpad to capitalize on its leading position in the red hot mobile, social media and ebook sectors.
from:
http://www.pr.com/press-release/203504
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