How Much Did Flipboard Raise? Funding & Key Investors

Flipboard has successfully raised funding through multiple rounds, with notable investors including JP Morgan Chase and Notable Capital. The platform curates stories from various sources, offering a personalized reading experience across topics like News, Entertainment, and Technology.

Keep reading to explore the intricacies of Flipboard's fundraising journey and the investors backing this innovative platform.

What Is Flipboard?

Flipboard, founded in 2010 by Evan Doll and Mike McCue, is headquartered in Palo Alto, California. The company operates in the Apps, Media and Entertainment, Mobile, News, and Social industries. It employs between 101 and 250 people.

Flipboard is a social magazine platform that curates news and stories from various sources, presenting them in a personalized magazine format. Users can aggregate web content based on their interests and share it through social media, making it a unique way to stay informed and inspired.

How Much Funding Has Flipboard Raised?

1. Series A
   • Amount Raised: $10.5M
   • Date: July 2010
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch the platform and build initial user base.
2. Series B
   • Amount Raised: $50M
   • Date: April 2011
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance the platform's features.
3. Series C
   • Amount Raised: $50M
   • Date: September 2013
   • Lead Investors: Suhail Rizvi
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the platform and increase user engagement.
4. Series C (Additional)
   • Amount Raised: $50M
   • Date: December 2013
   • Lead Investors: Rizvi Traverse Management
   • Valuation at Round: $800M
   • Motivation Behind the Round: To support user growth, enhance product features, and attract brand advertisers.
5. Series D
   • Amount Raised: $50M
   • Date: July 2015
   • Lead Investors: JP Morgan Chase
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and expand market reach.
6. Venture Round
   • Amount Raised: $25M
   • Date: July 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To innovate and introduce new features to the platform.

Total Amount Raised: $235.5M. Current Valuation: Not publicly disclosed.

Key Investors

• JP Morgan Chase
  • Details: JP Morgan Chase is a leading global financial services firm with operations worldwide. It offers investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and private equity.
  • Investment Focus Areas: Technology, finance, healthcare, consumer sectors.
  • Notable Investments: Uber, Facebook, Spotify.
• Rizvi Traverse Management
  • Details: Rizvi Traverse Management is an investment fund run by Suhail Rizvi, known for its under-the-radar operations. The firm has a reputation for making significant investments in high-growth companies.
  • Investment Focus Areas: Technology, media, consumer sectors.
  • Notable Investments: Twitter, Snapchat, Square.
• Goldman Sachs
  • Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to a substantial and diversified client base.
  • Investment Focus Areas: Technology, finance, healthcare, consumer sectors.
  • Notable Investments: Uber, Facebook, Spotify.
• Kleiner Perkins Caulfield & Byers
  • Details: Kleiner Perkins Caulfield & Byers is a venture capital firm specializing in investments in early-stage and growth companies. The firm has a long history of backing successful technology companies.
  • Investment Focus Areas: Technology, life sciences, cleantech.
  • Notable Investments: Google, Amazon, Twitter.
• Index Ventures
  • Details: Index Ventures is a venture capital firm that invests in technology-enabled companies. The firm has a strong track record of supporting innovative startups.
  • Investment Focus Areas: Technology, life sciences, financial services.
  • Notable Investments: Dropbox, Skype, Slack.

What's Next for Flipboard?

Flipboard stands at the cusp of significant growth opportunities. With over 100 million users, the platform is poised to attract more brand advertisers by offering magazine-like feeds and custom catalogs. This strategy not only enhances user engagement but also commands higher advertising premiums, making it a lucrative space for brands.

Future fundraising seems promising given Flipboard's robust growth and valuation. The company has already raised substantial funds, and its continued expansion could attract further investments. However, challenges such as competition from other content aggregators and maintaining user engagement in a crowded market remain. Navigating these hurdles will be crucial for Flipboard's sustained success.

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