$150-200k
Publishing novels based on site reader engagement
Open for applications
Publishing novels based on site reader engagement
201-500 employees
Open for applications
$150-200k
201-500 employees
To discover talented writers and turn them into globally successful authors.
The current publishing industry makes it very difficult for breakout authors to achieve success. Furthermore, publications are often based off subjective opinions of those in the industry, and potential readers have no input in the matter, despite them being the force that will drive a book's success.
Inkitt takes a different approach to publishing in order to give writers a fairer chance of success. The company allows writers to submit their stories onto the website where readers have free access to read anything posted. Using an algorithm, Inkitt then determines which stories have the most reader engagement, and based on this information, decides which to take to official print and publication.
7 rounds of funding to the sum of more than $100 million have allowed Inkitt to invest more in its algorithm and technology and open offices in San Francisco. It's also looking to expand into more mediums such as video content and audiobooks, with a long-term aim of building a media empire akin to Disney. Though there's a long way to go for that lofty aim to come to fruition, Inkitt has already attracted 33 million users and published dozens of bestsellers.
Kirsty
Company Specialist
Feb 2024
$37m
SERIES C
Oct 2021
$59m
SERIES B
Founders
Ali Albazaz
(CEO)Founder and CEO of Fünfi and then joined moviepilot as a Javascript developer. After this, Albazaz freelanced as a Javascript developer for six years.
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