10M Users Strong, Social Publishing Platform Wattpad Adds OMERS Ventures To Its Investor Pool

Social publishing network Wattpad today announced that Toronto's OMERS Ventures has joined its existing Series B round of investment, which totals $17.3 million, the amount announced back in June (OMERS participated in that amount, but hasn't officially been on the books until today). The addition of OMERS gives Wattpad just adds to the company's strong existing portfolio of investors spread across a number of geographies, including Khosla Ventures in San Francisco, Union Square Ventures of New York and Golden Venture Partners of Toronto. Wattpad, originally launched in 2006, has attracted huge engagement with its social network for authors and readers. All content on the site is free, and creators work together with readers to receive feedback and work on longer pieces a chapter at a time, incorporating input from others to change the direction of the story as it evolves.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/RNlreHBpX6k/

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