Tech Company Financing Transactions
Inkitt Funding Round
Inkitt, operating out of Berlin, secured $37 million in investment from private investors, Kleiner Perkins and New Enterprise Associates.
Transaction Overview
Company Name
Announced On
2/27/2024
Transaction Type
Venture Equity
Amount
$37,000,000
Round
Series C
Investors
private investors (Lead Investor) (Vinod Khosla)
Proceeds Purpose
Series C, will be used to expand the kind of content it produces: AI to write stories based on your original ideas and to produce versions of its fiction personalized for specific readers; a move into games and audiobooks; and more video content adapted from fiction published on its platform -- video that is produced with humans today but will, eventually, also be generated using AI.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
Inselstrasse 9
Berlin, 10179
Germany
Berlin, 10179
Germany
Phone
Undisclosed
Website
Email Address
Overview
Inkitt is the world's first reader-powered book publisher, offering an online community for talented authors and book lovers. Write captivating stories, read enchanting novels, and we'll publish the books you love the most based on crowd wisdom.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ali Albazaz
VP - Bus. Development
Felix Wunderwald
VP - Human Resources
Pascal Frühling
VP - Product Management
Nicholas Delkeskamp
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