Wattpad is a well-known story telling app based in Canada, Ontario on which people share the stories written by them in the form of novels, short stories and series. People from all over the world express their skill of writing along with all the readers who enjoy reading the kind of content they are interested in. The app was launched in 2006 and has recently got much attention from word smiths around the world.
But at the recent fund raising venture, when wattpad was able to raise $51M, a new wave of love for the art of storytelling emerged on the surface. As just in 2017 the community of wattpad experienced a marvelous growth of 40% from the previous years.
The money is intended to be used in the evaluation of technical formats of the app according to its needs of expansion.
Allen Lau, the CEO who co-founded the company with Ivan Yuen, said in a statement.
“With our global community of users, hundreds of millions of stories and data-driven approach to helping people and partners find great content, Wattpad is leading both sides of this equation. We empower diverse storytellers all over the world, helping them build a community of passionate readers; at the same time, we also connect Hollywood with stories that have massive built-in audiences.”
Considering the tremendous growth and potential of the app, story tellers around the world will be more hopeful and passionate to be the part of the wattpad community!