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Toronto-based collaborative writing platform Wattpad raises $51M at an estimated ~$398M post-money valuation to expand its tech platform

TechCrunch Ingrid Lunden

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  • @wattpadbusiness @wattpadbusiness on x
    “We are glad to support Wattpad, a leader in digitizing and data enhancing the entertainment industry.” - Martin Lau, President of Tencent Holdings Limited http://techcrunch.com/... ...
  • @allenlau Allen Lau on x
    Happy to announce that Wattpad has raised US$51M from Tencent, BDC, Globe and other partners to fuel our growth in ML, entertainment, publishing, interactive storytelling and many other areas. This will help make writers' dreams come true! http://techcrunch.com/... via @techcrunc…