Wattpad Closes Funding Round
Summary
The investment will allow Wattpad to capitalize on its leading position in the red hot mobile, social media and ebook sectors.About Wattpad Founded in 2006 by serial entrepreneurs and technology veterans Allen Lau and Ivan Yuen, Wattpad’s vision is to revolutionize the way people publish and read written works.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 worlds most popular ebook community where readers and writers discover, share and connect.All the content can be easily accessed on Wattpads website (www.wattpad.com), mobile site (m.wattpad.com) or through the Wattpad application supported on all mobile devices including Apple iPhone, Google Android, RIM BlackBerry, Nokia, Motorola, Sony Ericsson, Samsung, LG and more.Wattpad has experienced explosive growth since its inception.