Flipagram's Story Continues, Raises $70M Financing
July 17, 2015
Flipagram, the developer of a mobile app enabling users to create and share experiences through photos, videos and music, has secured a $70 million financing. The round was led by Sequoia, with participation from Kleiner Perkins Caufield & Byers and Index Ventures; Michael Moritz of Sequoia and John Doerr of KCPB have joined the company's Board. Along with the investment, Flipagram announced it has struck deals with music labels and publishers to provide app users with a library of media to use in their stories.