Inkitt

company

About

Inkitt is a digital publishing platform that uses a computer algorithm to predict book success based on reader behavior.

Details

Last Funding Type
Series B
Last Funding Money Raised
$59M
Industries
Analytics,Content,Digital Entertainment,Publishing
Founded date
Jan 1, 2014
Number Of Employee
51 - 100
Operating Status
Active
Legal Name
Inkitt GmbH

At Inkitt, we believe that every author should have an equal chance to succeed. Our mission is to discover hidden talents from all around the world and turn them into globally successful authors.

Inkitt is a pioneer at the forefront of Data Driven Publishing. Using an analytic and objective approach, we’ve discovered hundreds of talented authors around the world with over 50% of our published authors achieving $100,000+ in sales. We have forever changed the traditional publishing model by inventing an algorithm which analyzes users' reading behavior to identify hits, in turn removing subjectivity from the equation. This gives Inkitt the unique ability to discover hidden talents that might otherwise have gone unnoticed.

At present, we are an international team of 85 passionate and dedicated inventors and entrepreneurs and we are growing quickly.

We invent new solutions to problems we encounter, as opposed to simply iterating upon existing solutions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$80M
Inkitt has raised a total of $80M in funding over 2 rounds. Their latest funding was raised on Mar 28, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 28, 2022 Series Unknown 1 Henry Kravis Detail
Oct 4, 2021 Series B $59M 8 New Enterprise Associates Detail
Aug 28, 2019 Series A $16M 7 Kleiner Perkins Detail
Sep 25, 2017 Seed $3.90M 5 Redalpine Detail
Nov 15, 2015 Seed $1.10M 14 Detail

Investors

Number of Lead Investors
Number of Investors
4
25
Inkitt is funded by 25 investors. Henry Kravis and New Enterprise Associates are the most recent investors.
Investor Name Lead Investor Funding Round
Henry Kravis Yes Series Unknown
New Enterprise Associates Yes Series B
Speedinvest Series B
Axel Springer Series B
HV Capital Series B
Kleiner Perkins Series B
Michael Lynton Series B
Redalpine Series B
Stefan von Holtzbrinck Series B
Earlybird Venture Capital Series A

Employee Profiles

Number of Employee Profiles
9
Inkitt has 9 current employee profiles, including Board member Ilya Fushman
Board member
Board member
Executive
Board member
Board observer