Tencent and Globe Telecom were among the investors in a round that reportedly values the publishing platform at almost $400m post-money.
Canada-based online publishing platform Wattpad received $51m in funding yesterday from investors including internet company Tencent and Kickstart Ventures, the corporate venturing unit run by telecommunications firm Globe Telecom.
The round, which valued Wattpad at $398m post-money according to Pitchbook, also featured investment holding company Peterson Group, the state-owned Business Development Bank of Canada and merchant bank Raine.
Wattpad has built an online platform where writers can publish and share stories. The platform, which features a personalised recommendations system, has…
