Tech Company Financing Transactions

Inkitt Funding Round

Inkitt, operating out of Berlin, secured $37 million in investment from private investors, Kleiner Perkins and New Enterprise Associates.

Transaction Overview

Company Name
Announced On
2/27/2024
Transaction Type
Venture Equity
Amount
$37,000,000
Round
Series C
Proceeds Purpose
Series C, will be used to expand the kind of content it produces: AI to write stories based on your original ideas and to produce versions of its fiction personalized for specific readers; a move into games and audiobooks; and more video content adapted from fiction published on its platform -- video that is produced with humans today but will, eventually, also be generated using AI.

Company Information

Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
Inselstrasse 9
Berlin, 10179
Germany
Phone
Undisclosed
Email Address
Overview
Inkitt is the world's first reader-powered book publisher, offering an online community for talented authors and book lovers. Write captivating stories, read enchanting novels, and we'll publish the books you love the most based on crowd wisdom.
Profile
Inkitt LinkedIn Company Profile
Social Media
Inkitt Company Twitter Account
Company News
Inkitt News
Facebook
Inkitt on Facebook
YouTube
Inkitt on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ali Albazaz
  Ali Albazaz LinkedIn Profile  Ali Albazaz Twitter Account  Ali Albazaz News  Ali Albazaz on Facebook
VP - Bus. Development
Felix Wunderwald
  Felix Wunderwald LinkedIn Profile  Felix Wunderwald Twitter Account  Felix Wunderwald News  Felix Wunderwald on Facebook
VP - Human Resources
Pascal Frühling
  Pascal Frühling LinkedIn Profile  Pascal Frühling Twitter Account  Pascal Frühling News  Pascal Frühling on Facebook
VP - Product Management
Nicholas Delkeskamp
  Nicholas Delkeskamp LinkedIn Profile  Nicholas Delkeskamp Twitter Account  Nicholas Delkeskamp News  Nicholas Delkeskamp on Facebook


 

 

Browse more venture capital transactions:

Prev: 2/27/2024: Pelage Pharmaceuticals venture capital transaction
Next: 2/27/2024: Reveleer venture capital transaction

 

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