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April 9, 2012 09:30 pm GMT
I'm as shocked as you are, namely because I was working on this funding story all morning. Anyways, right before its billion dollar acquisition from Facebook, Instagram closed a $50 million Series B round from Sequoia, Thrive Capital, Greylock and Benchmark at a $500 million valuation. The round was led by Sequoia, as first reported by AllThingsD. Investors, many of whom didn't know about the Facebook acquisition, literally doubled their money (which was wired to Instagram on Thursday) overnight.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/u_DeN9bSThI/
Right Before Acquisition, Instagram Closed $50M At A $500M Valuation From Sequoia, Thrive, Greylock And Benchmark
I'm as shocked as you are, namely because I was working on this funding story all morning. Anyways, right before its billion dollar acquisition from Facebook, Instagram closed a $50 million Series B round from Sequoia, Thrive Capital, Greylock and Benchmark at a $500 million valuation. The round was led by Sequoia, as first reported by AllThingsD. Investors, many of whom didn't know about the Facebook acquisition, literally doubled their money (which was wired to Instagram on Thursday) overnight. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/u_DeN9bSThI/
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