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Flipboard Valuation Jumps to $200 Million

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 …   Read More

By Michael
April 15, 2011
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By Michael
April 15, 2011
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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.

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In this article
  • IPad
  • Mobile Advertising
  • Mobile Apps
  • Mobile Marketing
  • Mobile Social
  • News
  • Platforms
  • Tablet Devices
  • All Things Digital
  • Flipboard
  • Insight Venture Partners
  • IPad
  • Mobile Advertising
  • Mobile Marketing
  • social magazine application
  • social media

4 comments

  1. New Remix Songs 12 years ago

    Thank You for interesting Information.

  2. Flipboard Valuation Jumps to $200 Million | Mobile Marketing Watch | Mobile Marketing Online 12 years ago

    […] those behind the ultra-popular social magazine application. Flipboard has confirmed this week. mobile marketing – Google Blog Search This entry was posted in Sms Marketing and tagged $200, Flipboard, Jumps, Marketing, Million, […]

  3. BloggerSub 12 years ago

    Thank you for this great blog. BS3

  4. Flipboard Valuation Jumps to $200 Million | Mobile Marketing Watch | Mobile Marketing Site 12 years ago

    […] those behind the ultra-popular social magazine application. Flipboard has confirmed this week. mobile marketing – Google Blog Search This entry was posted in Mobile Marketing and tagged Flipboard, Jumps, Marketing, Million, […]

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