Social Publisher Wattpad Raises $17.3M From Khosla, Jerry Yang, Others

Who says reading is dead? It's certainly doing well for social publishing startup Wattpad, which just raised a big $17.3 million Series B. The funding was led by Khosla Ventures, with Khosla's Andrew Chung (who, in the press release, says the publishing industry is "ripe for digital-native disruption") joining the Wattpad board. Yahoo co-founder Jerry Yang also invested. The startup previously raised a $3.5 million Series A, and previous backers Union Square Ventures and Golden Venture Partners participated in the new round.

Source: http://techcrunch.com/2012/06/06/wattpad-series-b/

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