Inkitt
Latest round
- Series C
Last raised
- Dec 2023
Total raised
- $119M
Investors
- 13
About Inkitt
Inkitt GmbH is a German publishing platform that focuses on discovering and nurturing new literary talent. The founding team includes Ali Albazaz, Denis Stepanov, Emma Tonner, Lauren Burns, and Linda Gavin, with Ali Albazaz currently serving as CEO.Inkitt operates as a reader-powered publishing platform, primarily focused on discovering and nurturing emerging authors. Its core offerings include the ability for authors to write and upload their manuscripts for free while retaining 100% of their copyrights. The platform provides readers with access to a diverse selection of genres, including fantasy, sci-fi, romance, and drama, all available for free without advertisements. Inkitt leverages reader engagement metrics to identify manuscripts with high potential, subsequently publishing successful works on its sister app, Galatea, which is designed to enhance reader experience through interactive storytelling.Inkitt's revenue model is primarily based on reader engagement and publication performance on the Galatea app.30 in the most recent year of 2022. Income is derived from the publication of books that demonstrate significant reader interest, structured as direct-to-consumer offerings through the Galatea app. The company aims to launch new products designed to enhance user experience and author engagement. Furthermore, Inkitt is exploring opportunities for expansion into new international markets, thereby broadening its reader and author base globally.
Who invested in Inkitt
13 investors across 5 rounds
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Questions about Inkitt
Who invested in Inkitt?
Inkitt has 13 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Inkitt raised?
Inkitt has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Inkitt last raise money?
Inkitt's most recent round on record is a Series C, in Dec 2023.
What does Inkitt do?
Inkitt GmbH is a German publishing platform that focuses on discovering and nurturing new literary talent.
Where is Inkitt headquartered?
Inkitt is headquartered in Berlin, Germany.
Which VCs invest in companies like Inkitt?
Among active investors with capital left to deploy, Balderton Capital, Partech Partners, Seedcamp and Felix Capital back media companies at Inkitt's stage. Their profiles are linked below.
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