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Could the next billion-user Internet company be one that focuses on literature? It might sound unlikely, but that's Wattpad's goal.
Wattpad, an online community for writers and readers to share and discover good stories, announced Tuesday that it has raised $46 million in a Series C round of funding led by OMERS ventures. The latest funding round brings the company's total funding to more than $60 million and is intended to help Wattpad accelerate product and user growth.
"We have a very ambitious goal that eventually this company can have a billion users," Allen Lau, cofounder and CEO of Wattpad, told Mashable in a recent interview. "That's exactly why we are raising this round of money: to go even faster to our vision." Read more...
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