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- Inkitt
Inkitt Revenue, Valuation, Funding & Investors
Inkitt is valued at $400M as of February 2024, a 10.5x multiple on its last reported $38M revenue.
Last Inkitt valuation
$400M
Series C · Feb 2024
Last Inkitt funding round
$37M
Series C · Feb 2024
Inkitt revenue
$38M
Series C · Feb 2024
Key investors in Inkitt
Speedinvest
redalpine
Kleiner Perkins
Rouven Dresselhaus
New Enterprise Associates
HV Capital
About Inkitt
Inkitt is a Berlin-based AI-driven publishing platform discovering bestselling novels through data analytics on 5 million writers. Its Galatea app sells 80+ original stories to 10 million readers, generating $1 million ebooks every four weeks. Ranked 11th globally for bestsellers, Inkitt raised $100 million in Series C from Khosla Ventures, Kleiner Perkins, and NEA, expanding into CandyJarTV production.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Subscription
Revenue
$38M (Feb 2024)
Valuation
$400M (Feb 2024)
Inkitt Valuation
Inkitt is currently valued at $400M, based on its Series C in February 2024.
The $37M round was led by Khosla Ventures, with participation from redalpine, Kleiner Perkins, New Enterprise Associates, Speedinvest and Rouven Dresselhaus.
Inkitt's valuation has grown 1.0x from $390M at its Series B in October 2021 to $400M in February 2024, across 2 priced rounds.
Inkitt valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2024 | Series C | $400M | 10.5x |
| Oct 2021 | Series B | $390M | - |
Inkitt Revenue
Inkitt's latest recorded revenue is $38M, as of its Series C in February 2024. At a $400M valuation, that implies a 10.5x revenue multiple.
Inkitt revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2024 | $38M | $400M | 10.5x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Inkitt Funding History
Inkitt has raised a total of $117M across 5 funding rounds.
Inkitt's first fundraising round was a $1M seed round in November 2015. The most recent completed round was a $37M Series C in February 2024.
Inkitt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2024 | Series C | Khosla Ventures (lead); redalpine; Kleiner Perkins; New Enterprise Associates; Speedinvest; Rouven Dresselhaus | $37M | $400M | Inkitt is a San Francisco-based self-publishing platform that uses AI and data science to identify promising stories from user submissions, refine them, and distribute them via its Galatea app, aiming to create bestsellers. The company has built a user base of 33 million monthly active users and produced numerous bestsellers. On February 26, 2024, Inkitt raised $37 million in a Series C funding round led by Khosla Ventures, with participation from prior investors including New Enterprise Associates (NEA), Kleiner Perkins, Redalpine, and others, bringing total funding to $117 million at a post-money valuation of approximately $400 million. The fresh capital will fuel expansion into AI-generated stories based on original ideas, personalized fiction tailored to individual readers, and new formats like games, audiobooks, and video content adapted from its library. Inkitt collaborates with AI providers such as OpenAI, Anthropic, Mistral AI, DeepL for translations into 10 languages, ElevenLabs for narration, and Leonardo for cover art. CEO Ali Albazaz envisions transforming Inkitt into a multimedia empire, dubbing it 'the Disney of the 21st century,' distinct from platforms like Wattpad. This round follows a $57 million raise in 2021 and marks the company's fourth funding, with interest from potential acquirers noted. The slight valuation increase reflects a focus on AI-driven hyper-personalized entertainment amid a competitive landscape in AI publishing and content creation. |
| Oct 2021 | Series B | New Enterprise Associates (lead); redalpine; Kleiner Perkins; Axel Springer; Speedinvest; Michael Lynton; HV Capital; Stefan von Holtzbrinck | $59M | $390M | Inkitt is an AI-powered platform for book discovery and publishing. The company raised $59 million in Series B funding co-led by New Enterprise Associates (NEA) and Axel Springer in October 2021, at a post-money valuation of $390 million. The round included participation from multiple investors including HV Capital, Kleiner Perkins, Michael Lynton, redalpine, Speedinvest, and Stefan von Holtzbrinck. NEA, a major venture capital firm with over $28 billion in assets under management, has been an active investor in AI and consumer platforms including investments in companies like Coursera, Patreon, ElevenLabs, and Synthesia. |
| Aug 2019 | Series A | Kleiner Perkins (lead); redalpine; Xploration Capital; Speedinvest; HV Capital; Itai Tsiddon; Earlybird VC | $16M | - | Inkitt is a Berlin-based crowdsourced online publishing platform that uses data analytics to identify high-potential stories from unsigned writers, adapting top performers for its immersive fiction app Galatea. The platform connects a community of 110,000 writers and 1.6 million readers, with 350,000 stories uploaded. Launched six months prior to the round, Galatea delivers bite-sized episodes with sound and haptic effects tailored for mobile reading. Inkitt raised $16 million in a Series A round on August 28, 2019, led by Kleiner Perkins, with participation from HV Capital (Holtzbrinck Ventures), Xploration Capital, Itai Tsiddon, redalpine, Speedinvest, and Earlybird. The funds supported technology development, analytics enhancements, expansion into 10 additional languages, more genres, and growth of the Galatea app, which had reached a $6 million run rate. This followed a prior $5 million raise, including $3.9 million in September 2017 led by Müller Medien. One standout title, The Millennium Wolves, generated $1 million in sales within its first six months. Inkitt aimed to democratize publishing across channels like audio, TV, movies, and games. |
| Sep 2017 | Seed | redalpine (lead); Speedinvest; Müller Medien; Frontline Ventures; Rouven Dresselhaus | $4M | - | Inkitt raised $3.9 million in a pre-Series A funding round on September 25, 2017, led by redalpine with participation from Frontline Ventures, Speedinvest, Müller Medien, and angel investor Rouven Dresselhaus. The Berlin-based company operates as the world’s first reader-powered book publisher, using algorithms to analyze reader behavior and predict bestsellers. Authors upload manuscripts to the platform, where readers access them for free initially, and high-performing books receive publishing deals with full marketing support. At the time, Inkitt had 43,000 writers, over 1 million readers, and had published 24 books, 22 of which became Amazon bestsellers. The funding aimed to scale the publishing platform globally. Inkitt's model democratizes publishing by removing subjectivity, focusing on data-driven discovery of talent regardless of authors' backgrounds. |
| Nov 2015 | Seed | Erik Bovee; Felix Snow; Harald Nieder; Christian Vollmann; Andre Eggert; Speedinvest; Frontline Ventures; Heilemann Ventures; Sven Fund; Rouven Dresselhaus; Patrice Deckert; Earlybird VC | $1M | - | - |
Who has invested in Inkitt?
23 investors have backed Inkitt across its funding rounds, including Speedinvest, redalpine, Kleiner Perkins, Rouven Dresselhaus, New Enterprise Associates and HV Capital.
Lead investors include Khosla Ventures, New Enterprise Associates, Kleiner Perkins and redalpine.
Inkitt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Nov 2015 | ||
| 4 | Lead | Sep 2017 | ||
| 3 | Lead | Aug 2019 | ||
| 3 | Participant | Nov 2015 | ||
| 2 | Lead | Oct 2021 | ||
| 2 | Participant | Nov 2015 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 23 Inkitt investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInkitt Competitors
Inkitt competitors include listed companies like WildBrain and SOOP, and private ones like BandLab, Meow Wolf, Barça Vision and gamma.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $425M | - | ||
| Private | $18M | - | $350M | 19.4x | ||
| Private | - | - | $468M | - | ||
| Publicly listed | $375M | $26M | $245M | 1.0x | ||
| Private | $100M | - | $400M | 4.0x | ||
| Publicly listed | $340M | $107M | $290M | - |
Inkitt Public Comps
Inkitt is still privately-owned, but its public comps include Ciwen Media Co, Ropeok Technology Group, Tohokushinsha Film, Beijing Jingxi, Starz Entertainment, Bushiroad, TVZone Media, Gaumont, Kaiser (China) Culture and Bemobi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $59M | ($512K) | 6.7x | - | (775.4x) | - | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $307M | $64M | 0.4x | 0.4x | 2.0x | - | |||
| $50M | ($43M) | 9.0x | - | (10.3x) | - | |||
| $1.4B | $633M | 0.8x | 0.8x | 1.6x | 4.7x | |||
| $361M | $33M | 1.0x | 1.0x | 11.0x | - | |||
| $51M | $6M | 7.3x | - | 61.6x | - | |||
| $173M | $84M | 2.1x | - | 4.3x | - | |||
This data is available for Pro users. Sign up to see all Inkitt competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Inkitt
| When was Inkitt founded? | Inkitt was founded in 2013. |
| Where is Inkitt headquartered? | Inkitt is headquartered in San Francisco, CA, United States. |
| Is Inkitt publicly listed? | No, Inkitt is a private, VC-backed company. |
| What is Inkitt's valuation? | Inkitt was last valued at $400M in its Series C in February 2024. |
| How much funding has Inkitt raised? | Inkitt has raised $117M across 5 funding rounds. |
| What was Inkitt's last funding round? | Inkitt's last funding round was a $37M Series C in February 2024, led by Khosla Ventures. |
| Who are Inkitt's investors? | Inkitt's investors include Speedinvest, redalpine, Kleiner Perkins, Rouven Dresselhaus, New Enterprise Associates, Frontline Ventures, HV Capital, Earlybird VC, Erik Bovee, Felix Snow and 13 others. |
| What is Inkitt's revenue? | Inkitt's latest recorded revenue is $38M (February 2024). |
| What is Inkitt's revenue multiple? | Inkitt's latest valuation implies a 10.5x revenue multiple ($400M valuation on $38M of revenue). |
| Which companies are comparable to Inkitt? | Companies comparable to Inkitt include BandLab, Meow Wolf, Barça Vision, WildBrain, gamma and SOOP. |
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