Inkitt’s Series B round was led by Scott Sandell, Managing General Partner of NEA. Mathias Döpfner, CEO of Axel Springer, Michael Lynton, Chairman of Snap and former CEO of Penguin, and Stefan von Holtzbrinck. Holtzbrinck Digital also took part in the round alongside previous investors, including Kleiner Perkins, HV Capital, Redalpine, and Speedinvest.