Community-writing site Wattpad says over 70 percent of time spent on the service comes from users on tablets or smartphones, and one of its most requested features is the ability to write and edit stories from mobile devices. So this week, the company is rolling out a “Create” functionality for Android tablets and phones. The updated app can be found in the Google Play store.

Wattpad, which is five years old and based in Toronto, has nearly 10 million monthly unique users. “This is the post-PC era,” Wattpad founder and CEO Allen Lau told me. “Users can write a chapter in 15 minutes while they’re waiting for a bus. They can write whenever they have the inspiration.” In fact, users have already been writing stories from their phones by navigating their mobile browsers to wattpad.com, “essentially hacking their way around the limitation.” Now they have an easier way.

Wattpad’s app is also available for iOS, but the company is rolling out its writing function on Android first because that is where most of its global users are. Fred Wilson, principal of Union Square Ventures (which led Wattpad’s first funding round in September 2011), recently took a look at Wattpad’s mobile usage stats and found that most of its North American users are on iOS, but Asian and European users skew toward Android. “Android is our top mobile platform, and we are going there first to learn,” Lau said.

“Cellphone novels” written via SMS are already popular in Japan, but Wattpad says it is the first company to let users publish long-form text from mobile to the Web. In beta tests, the company said “hundreds of stories” were written and published from mobile. Testers also jotted notes, made quick edits and fixed typos. ”The behavior we are seeing [in beta testing] is similar to what we saw in Japan ten years ago,” he said.

Wattpad raised $17.3 million last month in a round led by Khosla Ventures, in addition to its $3.5 million funding from Union Square.

The platform remains in private beta, although the company says that the number of invites it sends out will accelerate; in recent days, it’s also been handing out some invites to encourage people to use the service to share the story of the ongoing Egyptian Revolution (See an example here).

In its announcement of the funding, Storify refers generally to new features on the way, as well as plans to hire additional employees.

The round was led by Sequoia Capital, and partner Roelof Botha — a former CFO of PayPal and early investor in YouTube (NSDQ: GOOG) — will join Square’s board.

The news caps off a bumpy year for the payment company.

Square faced a lawsuit over its main product, a credit card dongle that plugs into a smartphone to process payments by either merchants or customers. And the product itself had problems working on the iPhone 4, one of the key devices targeted by the company. And in June, company founder and CEO Jack Dorsey — one of the co-founders of Twitter — wrote a letter to early users to say that the company had to suspend shipments of their dongles to deal with credit risk and fraud issues.

Things finally looked like they were turning a corner in October, when the company finally launched its commercial product publicly. Since then, the company has seen between 30,000-50,000 business sign up for the service every month, according to COO Keith Rabois, who spoke to the WSJ. Square is not reporting the size of its overall customer base.

Mr. Dorsey, speaking to the WSJ, said the company will be using the funding to expand its staff — it currently employees 64 people — and “accelerate word of mouth” about the company. One of the key targets for Square are small businesses that currently do not process credit card transactions because of the fees involved. (Square takes a fee from each transaction but presumably it is significantly smaller than those levied by Visa and merchant acquirers.)

Square raised a previous round of $10 million, led by Khosla Ventures, in late 2009, which valued the company at $45 million.

The network started in 2003 as AthleticsNation.com, co-founded by Tyler Bleszinski (currently editorial director) and Daily Kos founder Markos Moulitsas Zuniga. Former AOL (NYSE: AOL) content head Bankoff moved from advisor to CEO in late 2008; the company raised its first $5 million the following January and added $8 million that summer on a $30 million valuation. The new round was first reported by AllThingsD. My understanding is this valuation is at least $60 million and could be as high as $90 million.

Bankoff wouldn’t talk valuation but via a chat on AIM told paidContent: “We plan to use the money to grow out our network … investing in our writers and our proprietary tech platform, which we feel is among the best in the content business as well as our sales team.” They’ll expand the sales team, led by *MySpace* vet Dave Borstein. The direct sales efforts ramped up this year after relying on third-party networks like Glam and Federated Media and has the startup near break even.

SB Nation is up to nearly 300 sites with 410 paid writers.

The money was led by Amadeus Capital Partners, Intel (NSDQ: INTC) Capital and Oak Investment Partners, joined by Bay Partners, Formative Ventures, Khosla Ventures and Vision Capital.

Intel’s participation is interesting, since it is involved in chip work in the fully connected TV space, with partners like Sony (NYSE: SNE), Google (NSDQ: GOOG) and Logitech.

Right now, most people acquire online video through the small screen (laptop, desktop PC); playing it back on living room TVs is a minority sport. Veebeam’s $99/£99 system sends images from a computer, through a USB dongle, wirelessly to a receiver plugged in to the back of a TV.

Ironically, however, this kind of bridging device may become less necessary as internet-connected TVs proper take hold in the next couple of years and offer internet video direct to the house’s main screen.

Veebeam launched in September, the result of a merger between two ultra wide band communications companies back in 2008 – San Diego-based Staccato Communications and Cambridge, England-based Artimi.

Veebeam already took $20 million in equity funding when it did the merger, and Staccato, since it was founded in 2002, had already taken three previous rounds of venture capital totaling $77.5 million, according to a report at the time.

Explore issues around the IPTV and VOD business at our Battle For The Digital Home conference in Hollywood on November 8.

ZocDoc had previously raised $3 million in a round led by Khosla Ventures in August 2008. A few months later, it added Jeff Bezos’ Bezos Expeditions and Salesforce.com CEO Marc Benioff to its list of backers.

When we profiled the startup back then, it had 30,000 users; it now claims more than 200,000 per rmonth.

The new round was led by Founders Fund; Khosla Ventures also participated.

Microsoft has itself been moving to add social features to Outlook; it recently introduced a feature that lets users track the activities of contacts on social networks from within their inboxes. That, however, obviously doesn’t seem to have impeded Xobni’s funding round, which was led by Khosla Ventures and new investor RRE. Existing investors Baseline Ventures, Atomico, First Round Capital and Cisco (NSDQ: CSCO) also participated. The funding brings the four-year-old startup’s total backing to more than $30 million.

On Hunch, users get advice on making choices, like whether to ask for a raise or to have a kid, based on their answers to a series of questions.

The company’s ambition, according to Fake: “Build the ‘taste graph’ of the web, analagous to the ‘social graph,’ mapping every person on the web to ever entity on the web (be that a hotel, or a tennis racket, poet, cookbook, etc.) and their affinity for that entity.’ You can see how you could take your Hunch taste profile and apply it to just about anything — to find you a hotel in Dallas, or your true love on a dating site, or things you like on eBay (NSDQ: EBAY) or Etsy.”

With the new cash, Hunch will have raised at least $14 million. Gideon Yu, the former Facebook CFO who joined Khosla Ventures as a partner in September, is joining Hunch’s board. The funding round was first reported by AllThingsD’s Peter Kafka late Friday.

The year-old company has partnered with wireless carriers around the world to let people use their cellphones to pay for online virtual goods from social networks, like Facebook and MySpace. Once a user enters their cellphone number, and verifies the charge via text message, the amount appears on a user’s next bill. Even just a week ago, the idea may have sounded less probable, but since then the Red Cross has collected $22 million for its Haiti relief efforts via text messaging, signaling that consumers are ready to start spending by mobile phone.

Investors in the third round include: DAG Ventures, Benchmark Capital, Index Ventures and Khosla Ventures. In total, the company has raised $38 million. In an interview with mocoNews, Ron Hirson, BOKU’s SVP of product and marketing said the money will go towards global expansion: “Right now with 196 carriers, we reach 1.8 billion potential subscribers, but there are 4 billion people worldwide that have cellphones.” Hirson added that more subscribers make them more appealing to more merchants. In doing that, a lot of money will be spent on adding redundancies and technology to their system similar to a bank’s. “We aren