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  WattPad Raises $3.5 million in Funding

  799 readersWattPad announced Monday that it had just finished up its Series A round, which was led by led by Union Square Ventures, along with W. Media Ventures and Golden Venture Partners, and that it now had an extra $3,500,000 to fund its epxansion. The online writing community plans to use the funds to hire more staff.

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  Wattpad Users Uploaded 10,000 Stories in the Last 12 Hours

  883 readers After receiving a massive round of new funding, the writing community Wattpad revealed that the site now counts five million uploaded stories and eight million monthly users. The site published the infographic embedded above, showing some of that growth in January. Wattpad CEO Allen Lau shared some more user stats on the company’s homepage. Here’s an

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  Wattpad Gets First Round Of Funding

  1751 readersCommunity publishing site Wattpad has announced its first round of funding. According to a press release from the company, “a consortium of private investors including Harvey Beck and Alan Levine, former co-CEOs of ICOM and Bert Amato, co-founder of...

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  Plastic Logic raises $700 million for Russian e-reader factory

  2824 readersBack in November we reported that Plastic Logic was raising money from Russian investors to build a factory in Russia to produce the next generation of business-oriented e-ink readers (after the first generation Que failed entirely to get off the ground). Now PaidContent is carrying more specific details about the investment from the Russian Corporation

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  Yahoo to Buy Tumblr for $1.1 Billion, Promises ‘Not to Screw it Up”

  239 readersYahoo has agreed to buy Tumblr for $1.1 billion. Yahoo said in a press release that they “promise not to screw it up,” explaining that Tumblr will be operated as an independent business and that David Karp, the  company’s founder will remain CEO. Still, the two companies will work together in some ways. Here are some

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  Tablet Maker Kno Raises $46 Million for Dual-Screen Digital Textbook

  357 readers Kno Inc., the company behind the 14-inch dual-touchscreen tablet unveiled at D8 earlier this year, announced it has closed a $46 million debt-and-equity round led by Andreessen Horowitz. The leading venture capital firm, which has also financed prominent startups such as Foursquare, Zynga and Skype, was joined by Silicon Valley Bank and TriplePoint Capital. Andreessen had

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  Tablet Maker Kno Raises $46 Million for Dual-Screen Digital Textbook

  262 readers Kno Inc., the company behind the 14-inch dual-touchscreen tablet unveiled at D8 earlier this year, announced it has closed a $46 million debt-and-equity round led by Andreessen Horowitz. The leading venture capital firm, which has also financed prominent startups such as Foursquare, Zynga and Skype, was joined by Silicon Valley Bank and TriplePoint Capital. Andreessen had

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  Wattpad receives private funding

  963 readersFrom the press release: Riding on the success of 1,216% year-over-year growth in 2009, Wattpad today announced that the company has completed its first round of funding. A consortium of private investors including Harvey Beck and Alan Levine, former co-CEOs of ICOM and Bert Amato, co-founder of Delrina participated in this round. Wattpad, also known

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  Wattpad app now avialable on the Kindle fire

  581 readersFrom the Wattpad blog: With the launch of Kindle Fire today, Wattpad is thrilled to provide a new way for users to access the best place to discover and share stories. The Wattpad app for Kindle Fire is designed to give the best entertainment experience for millions of Kindle readers. Users can: read over 2 million stories for free comment, vote,

• Tablet Maker Kno Raises $46 Million for Dual-Screen Digital Textbook

  3891 readersKno Inc., the company behind the 14-inch dual-touchscreen tablet unveiled at D8 earlier this year, announced it has closed a $46 million debt-and-equity round led by Andreessen Horowitz.The leading venture capital firm, which has also financed prominent startups such…