TORONTO, CANADA, Wattpad, the online community of writers and readers, closed a $3.5 million Series A funding round led by Union Square Ventures together with W Media Ventures, Golden Venture Partners and existing angel investors.

Wattpad is a community for telling and reading stories. Collectively, Wattpad users last quarter spent an amazing 2 billion minutes writing and reading stories on Wattpad. During that time, nearly three quarter million new stories or parts of stories were uploaded and writers received almost five million comments. To learn more about how Wattpad works you may want to watch this explanatory video.