Today, Toronto-based startup Wattpad is five years old. The company was founded in November of 2006 in a garage "with a vision to change the way we share stories." The founders wanted to create "the world’s best place for every reader and writer to share and discover stories."
Today, Wattpad’s dynamic community has become much greater than we ever could have imagined. What was started as a way to read has become a global society of highly engaged readers, who interact from all over the world using Wattpad apps and online. We’re revolutionizing storytelling together and leading the way towards a new form of entertainment.
In 2011, Wattpad reached a few milestones, including their 1 millionth registered user. They also doubled their headcount and raised $3.5 million in funding. Today they have 1.3 million users who contribute to 7 million unique visitors per month and 250,000 new stories every month.