Wattpad is a digital storytelling platform that enables writers to publish and readers to discover original stories across multiple genres. The platform operates on a freemium model with advertising and premium subscription revenue, and offers services including Wattpad Studios (co-production with entertainment companies), Wattpad Books (direct publishing), and IP discovery and adaptation services for film, television, and multimedia. Founded in 2006 and headquartered in Toronto, Wattpad reached over 155 million monthly active users before its acquisition by Naver in 2021.
Wattpad has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2006
Employees
201–500
Total Funding
$117.8M
4 rounds
Total raised $117.8M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
January 17, 2018
Amount
$51M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 17, 2018 | Series D | $51M | — | Tencent |
| April 2014 | Series C | $46M | — | OMERS Ventures |
| June 6, 2012 | Series B | $17.3M | — | Khosla Ventures |
Allen Lau
Co-Founder, Executive Advisor
Ivan Yuen
Co-Founder, Chief Strategy Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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Medium
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Penana
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Inkitt
Data-driven platform using reader engagement and algorithms to identify talent and facilitate publishing deals for authors.
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