Inkitt - About the company
Inkitt is a series C company based in San Francisco (United States), founded in 2013 by Ali Albazaz and Denis Stepanov. It operates as an AI-based self-publishing platform for writers. Inkitt has raised $117M in funding from investors like New Enterprise Associates, Khosla Ventures and Axel Springer, with a current valuation of $*****. The company has 638 active competitors, including 27 funded and 25 that have exited. Its top competitors include companies like Pratilipi, BriBooks and WEBook.
Company Details
AI-based self-publishing platform for writers. The platform helps writers and book enthusiasts to publish, share, and discover stories on the platform. Uses algorithms to predict future bestsellers based on the reading list of users. Works with publishing houses to print top picks identified. The mobile application is available for Android users.
- Website
- inkitt.com
- Email ID
- *****@inkitt.com
Key Metrics
Founded Year
2013
Location
San Francisco, United States
Stage
Series C
Total Funding
$117M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Feb 27, 2024
Investors
Ranked
2nd among 638 active competitors
Employee Count
323 as on Jun 30, 2026
Legal entities associated with Inkitt
Inkitt is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DIAMONDZ DELIGHTS LLC CIN: 6565017 , United States, Active | Aug 17, 2022 | - | - | - |
inkitt gmbh CIN: 163320 , Germany, Active | Mar 31, 2016 | - | 36 (As on Dec 31, 2022) |
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Inkitt's funding and investors
Inkitt has raised a total funding of $117M over 6 rounds. Its first funding round was on Nov 2015. Its latest funding round was a Series C round on Feb 27, 2024 for $*****. 5 investors participated in its latest round. Inkitt has 21 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Inkitt:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 27, 2024 | 2921376 | Series C | 9474868 | 9375317 | 8733945 | 6914089 |
Mar 27, 2022 | 1783417 | Series C | 4589950 | 3082513 | 7407263 | |
Oct 05, 2021 | 6338036 | Series B | 7156194 | 1807573 |
View details of Inkitt's funding rounds and investors
Inkitt's founders and board of directors
Founder? Claim ProfileHere are the details of Inkitt's key team members:
- Ali Albazaz: Co-Founder & CEO of Inkitt and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Denis Stepanov: Co-Founder of Inkitt.
Inkitt's Board of Directors
Inkitt's board has 1 active member. Ali Albazaz is part of team.Here is the list of Inkitt's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 6m |
View details of Inkitt's Founder profiles and Board Members
Inkitt's employee count trend
Inkitt has 323 employees as of Jun 26. Here is Inkitt's employee count trend over the years:
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Inkitt's Competitors and alternates
Top competitors of Inkitt include Pratilipi, BriBooks and WEBook. Here is the list of Top 10 competitors of Inkitt, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online self-publishing and storytelling platform offering digital literature in multiple languages | $97M | 81/100 | ||
2nd | Inkitt 2013, San Francisco (United States), Series C | AI-based self-publishing platform for writers | $117M | 63/100 | |
3rd | Provider of platform for children to learn creative writing and publish | $1.5M | 60/100 | ||
4th | WEBook 2007, New York City (United States), Deadpooled | A collaborative book-writing website | $5M | 59/100 | |
5th | Blurb 2005, San Francisco (United States), Acquired | Self-publishing platform empowering creators to design, publish, and sell books | $23.7M | 55/100 | |
6th | Lulu 2002, Morrisville (United States), Unfunded | Self-publishing platform for indie authors | - | - | 55/100 |
7th | MatruBharti 2015, Ahmedabad (India), Seed | App-based self-publishing platform in vernacular languages | $1M | 55/100 | |
8th | Pronoun 2009, New York City (United States), Acquired | A digital book publishing platform | $11.3M | 49/100 | |
9th | Juggernaut 2015, Delhi (India), Series A | Mobile-first publishing platform for authors | $5.23M | 47/100 | |
10th | Provider of a platform for book writing and reading | $2.9M | 47/100 |
Looking for more details on Inkitt's competitors? Click here to see the top ones
Inkitt's Investments and acquisitions
Inkitt has made no investments or acquisitions yet.
Reports related to Inkitt
Here is the latest report on Inkitt's geography:
News related to Inkitt
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Inkitt, a self-publishing platform using AI to develop bestsellers, books $37M led by KhoslaStartupNews•Feb 27, 2024•Inkitt, Nea, Kleiner Perkins, New Enterprise Associates and 6 others
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Inkitt announce two new hires and a move to U.S-based headquartersBusiness Leader•Oct 17, 2022•Inkitt
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Henry Kravis Invests in Data-Driven Content House Inkitt Amidst Booming Company GrowthPR Newswire•Mar 28, 2022•Inkitt
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Data-driven publishing platform Inkitt raises $59 millionTech.eu•Oct 05, 2021•Inkitt, Holtzbrinck Digital, Kleiner Perkins, HV Capital and 2 others
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Berlin startup Inkitt secures more than 14 million eurost3n•Aug 29, 2019•Inkitt, Kleiner Perkins, HV Holtzbrinck Ventures, Earlybird and 3 others
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Inkitt raises $16M led by Kleiner Perkins to publish crowdsourced novels in ‘mini-episodes'TechCrunch+•Aug 28, 2019•Inkitt, Kleiner Perkins, HV Holtzbrinck Ventures, Xploration Capital and 4 others
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