Inkitt
Digital publishing platform that uses a computer algorithm to predict book success based on reader behavior.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor | €0.0 | round |
| investor investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 | round | |
* | $37.0m Valuation: $400m | Series C | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Inkitt is a pioneering startup in the publishing industry, operating as the first reader-powered publisher. The company provides a unique platform where readers can discover and enjoy a wide variety of books for free, spanning genres such as fantasy, sci-fi, romance, drama, thriller, mystery, and horror. Readers can also give feedback to authors, helping to shape the future of their favorite stories.
Inkitt's primary clients are twofold: readers who are passionate about discovering new stories and authors looking for a platform to publish their work. The company operates in the digital publishing market, which has seen significant growth due to the increasing popularity of e-books and online reading platforms.
The business model of Inkitt is innovative and data-driven. Authors can submit their novels to Inkitt, where the platform analyzes reader engagement—such as reading time and feedback—to identify high-potential stories. Successful novels are then offered a publishing deal, which can include distribution on Inkitt's sister app, GALATEA, and other formats. This approach allows Inkitt to minimize risk by only investing in stories that have already proven popular with readers.
Inkitt makes money through its publishing deals, where it shares revenue with authors from book sales and other distribution channels. Additionally, the company may generate income from premium content and other monetization strategies on its platforms.
In summary, Inkitt leverages reader data to discover and publish new literary talent, providing a win-win for both readers and authors.
Keywords: reader-powered, publishing, digital books, author platform, reader feedback, data-driven, engagement analysis, publishing deals, GALATEA, online reading.