Wattpad Received Investment from OMERS Ventures

Wattpad, a Toronto, Canada-based online community for discovering and sharing stories, has received an investment of undisclosed amount from OMERS Ventures.

OMERS Ventures has joined Wattpad’s existing investors Khosla Ventures, Union Square Ventures and Golden Venture Partners (read here).

The company intends to use the funding to further expand its team through hiring (http://www.wattpad.com/jobs) and acquisitions, enhance product and expand the community.

Led by CEO Allen Lau, Wattpad provides collaborative entertainment that connects readers and writers by building communities around stories spanning mystery, romance, sci-fi, poetry, fan fiction, etc. According to a written statement, Wattpad has 10 million monthly unique users.



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