Flipboard continues to grow at a pace that might even surprise those behind the ultra-popular social magazine application.
Flipboard has confirmed this week that a new round of financing has netted $50 million, an investment that spikes the company’s valuation to $200 million.
“We’re obviously thrilled,” says CEO Mike McCue, “because we think it confirms our focus that people want a beautifully designed way to interact with content and to share it. And there is a lot more to come–on a scale of one to 10, we’re just at a two or three.”
Insight Venture Partners was the lead investor in the latest round of investing.
Insight’s Jerry Murdock recently told All Things Digital that he was thrilled about the progress that Flipboard has enjoyed and the social content experience the company is “pioneering.”
“We back great entrepreneurs and Flipboard is that and also in an obviously unique position to solve a problem of media consumption in the digital age,” Murdock said. “The sky is the limit. Or more precisely it is the best environment to consume curated real-time content for Twitter and Facebook, because of the user experience and social endorsement integration with the content.”
Insight has also invested in other prominent multimedia and social networking brands, most notably Twitter.