Software company Wattpad have announced that they secured an additional $46-million in funding. The Toronto-based company runs a social writing and publishing community. Over 25 million “wattpadders” are signed-up for the service.

Wattpad CEO and founder Allen Lau told The Globe and Mail that they will use the funding to expand its team in Toronto and move into a new office space.

Read more at the links below.

The Globe and Mail
Venture Beat