When was Wattpad founded?

Wattpad was founded in 2006 and raised its 1st funding round 5 years after it was founded.

Where is Wattpad located?

Wattpad is headquartered in Toronto, Canada.

How many employees does Wattpad have?

As of Jun 30, 2026, the latest employee count at Wattpad is 4894.

Is Wattpad a funded company?

Wattpad is a funded company, having raised a total of $118M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 12, 2011.

When was the latest funding round of Wattpad?

Wattpad's latest funding was a $***** Series D round on Mar 13, 2019, with participation from 1 investor. Its primary sector is Social Platforms. Globally, the Social Platforms sector has seen $1.7B in funding in 2026 to date.

Where does Wattpad rank among its competitors?

Wattpad ranks 1st amongst 674 active competitors, of which 22 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Miraquill, which secured an undisclosed amount in Jan, 2021.

Who are the top competitors of Wattpad?

Wattpad's top competitors include WEBook, Lulu and TerriblyTinyTales. Among them, Miraquill secured the most recent funding round in January, 2021.

Wattpad - 2026 Company Profile, Team, Funding & Competitors

Q: Is Wattpad an acquired company?

Wattpad got acquired by NAVER on Jan 19, 2021.

Company Details

Platform for users to read, write, and share original stories. It provides a space where creators can connect with readers. The platform offers various genres, from romance to science fiction. It allows writers to develop their skills and gain exposure.

Website: www.wattpad.com/
Social

Key Metrics

Founded Year

2006

Location

Toronto, Canada

Stage

Acquired

Total Funding

$118M in 6 rounds

Latest Funding Round

Series D, Mar 13, 2019, $*****

Investors

OMERS & 24 more

Ranked

1^st among 674 active competitors

Employee Count

4,894 as on Jun 30, 2026

Investment & Acquisitions

Redroom.com

Similar Companies

WEBook & 801 more

Exit Details

Acquired by NAVER (Jan 19, 2021)

View Wattpad's full profile

Wattpad got acquired by NAVER on Jan 19, 2021 at an acquisition amount of $*****.

Click here to take a look at Wattpad's acquisition in detail

Wattpad has raised a total funding of $118M over 6 rounds. Its first funding round was on Sep 12, 2011. Its latest funding round was a Series D round on Mar 13, 2019 for $*****. 1 investor participated in its latest round. Wattpad has 20 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Wattpad:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 13, 2019	9255822	Series D	5900937	8352097	4100383	5981082
Jan 17, 2018	3139464	Series D	1206810	5017088	7252467	1034167
Apr 22, 2014	1987479	Series C	2750198	8063886	OMERS	AME Cloud Ventures & 8 more

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View details of Wattpad's funding rounds and investors

The founders of Wattpad are Ivan Yuen and Allen Lau.

Here are the details of Wattpad's key team members:

Ivan Yuen: Co-Founder of Wattpad and founder of 1 other company. They are also an angel investor in 5 startups.
Allen Lau: Co-Founder of Wattpad and founder of 1 other company. They are also an angel investor in 1 startup.

View details of Wattpad's Founder profiles and Board Members

Wattpad's employee count trend

Wattpad has 4,894 employees as of Jun 26. Here is Wattpad's employee count trend over the years:

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Top competitors of Wattpad include WEBook, Lulu and TerriblyTinyTales. Here is the list of Top 10 competitors of Wattpad, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wattpad 2006, Toronto (Canada), Acquired	Platform for users to read, write, and share original stories	$118M	August Capital, AME Cloud Ventures & 23 others	74/100
2nd	WEBook 2007, New York City (United States), Deadpooled	A collaborative book-writing website	$5M	Vertex Ventures, Greylock Partners	59/100
3rd	Lulu 2002, Morrisville (United States), Unfunded	Self-publishing platform for indie authors	-	-	55/100
4th	TerriblyTinyTales 2013, Mumbai (India), Acquired	Provider of social storytelling platform	-	-	47/100
5th	Writco 2019, Ahmedabad (India), Unfunded	Mobile application allowing users to write and publish stories	-	-	45/100
6th	eStory 2022, London (United Kingdom), Unfunded	Provider of storytelling platform	-	-	45/100
7th	Storybird 2009, Brooklyn (United States), Seed	Online collaborative storytelling platform	$850K	Learn Capital, Index Ventures & 5 others	44/100
8th	Readoo 2020, Chenzhou (China), Unfunded	App-based platform allowing users to read stories	-	-	42/100
9th	Miraquill 2016, Delhi (India), Seed	Provider of a storytelling platform	$44.9K	Orbit Ventures, SOSV	42/100
10th	Night Story 2020, London (United Kingdom), Unfunded	Online platform offering bedtime stories	-	-	42/100