Image Sharing Platform Imgur Lands $40M Led by A16Z
April 04, 2014
Imgur, an entertainment and image sharing platform, has raised $40 million in Series A funding led by Andreessen Horowitz, with participation from social news website Reddit. Imgur started out as an image hosting site for Reddit users but quickly grew to generate its own traffic. It now has over 130 million unique visitors each month. Imgur, which had never before received outside funding, will use the capital to accelerate its internal growth, drive continued product development and grow its community worldwide. As part of the financing, Andreessen Horowitz general partner Lars Dalgaard will take a Board of Directors seat with the company.