Tech Company Financing Transactions
Wattpad Funding Round
Wattpad, based in Toronto ON, secured $51 million from BDC Venture Capital, Peterson Partners and Raine Ventures.
Transaction Overview
Company Name
Announced On
1/18/2018
Transaction Type
Venture Equity
Amount
$51,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The new funding will support continued investment in machine learning and interactive storytelling, expanding the company's global entertainment footprint in TV, film, digital media, and publishing as it adapts Wattpad stories for new formats, and other innovations. The company also plans to grow its team across all departments.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
Undisclosed
Toronto ON, M1S 7U8
Canada
Toronto ON, M1S 7U8
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
On Wattpad you'll discover a new form of entertainment where you can interact and share stories across text, video, images and through conversations with other readers and writers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Allen Lau
Chief Marketing Officer
Melissa Shapiro
Chief Technical Officer
Ivan Yuen
VP - Bus. Development
Aron Levitz
VP - Engineering
Charles Chan
VP - Human Resources
Bonnie Busby
VP - Operations
Marc Shewchun
VP - Product Management
Tarun Sachdeva
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About Our VC Transactions Data
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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