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Flipagram Raising $50-$60M At A $300M Valuation From SequoiaBuzzy mobile video app Flipagram is raising $50 to $60 million in funding at a $300 million valuation. We're hearing from sources that Sequoia is in the round. The WSJ reported recently that Flipagram, which creates short video sets from photos set to music, was raising cash at a $300 million valuation.
Flipagram, once considered a serious threat to Instagram, has been acquired by Chinese news aggregator ToutiaoFlipagram, the video creation app that was once considered a serious threat to Instagram, has been acquired by Toutiao, a Chinese news aggregator, according to Flipagram CEO Farhad Mohit. Flipagram will retain its app and office and remain "completely independent," Mohit said. Recode previously reported that the two sides were in serious acquisition talks.
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