![](\"http:\/\/www.stoth.com\/wp-content\/plugins\/wp-o-matic\/cache\/842e7_wattpad.jpg\")
The flurry of e-book readers that are descending upon us has prompted investors to take a closer look at companies set to ride the wave.<\/p>\n<\/p>\n
The flurry of e-book readers that are descending upon us has prompted investors to take a closer look at companies set to ride the wave.<\/p>\n
Wattpad<\/a> this morning announced<\/a> that it has secured a round of funding<\/a> with a number of private investors, although the e-book community operator and mobile app developer declined to disclose the size of the round. <\/p>\n The consortium of angel investors that injecting capital into Wattpad include Harvey Beck<\/a> and Alan Levine<\/a>, former co-CEOs of ICOM and Bert Amato<\/a>, co-founder of Delrina.<\/p>\n Launched in January 2007, Wattpad is a YouTube-like community that allows its members to read and share e-books on the Web and on mobile devices. According to the company, the site’s catalog boasts ‘hundreds of thousands’ of novels, short stories, fan fiction, essays, jokes and more. Example: Dickens’ A Christmas Carol<\/a>.<\/p>\n Wattpad says it has delivered hundreds of million of pages from its 120,000 strong e-book library to mobile devices, having developed custom applications<\/a> for iPhone, Android, BlackBerry and Java alongside a mobile website at m.wattpad.com.<\/p>\n Crunch Network<\/em><\/strong>: CrunchGear<\/a> <\/em>drool over the sexiest new gadgets and hardware.<\/p>\n![](\"http:\/\/www.stoth.com\/wp-content\/plugins\/wp-o-matic\/cache\/842e7_wattpad-screen.png\")
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