Inkitt GmbH announced that it has received $59,000,000 in a round of funding co-led by Scott Sandell and Axel Springer SE on October 4, 2021. The transaction also included participation from Michael Lynton, Stefan von Holtzbrinck, alongside returning investor, Kleiner Perkins Caufield & Byers, HV Capital Adviser GmbH, Redalpine Venture Partners AG, and Speedinvest GmbH.