Posts Tagged ‘sequoiacapital’

Instagram Set to Raise $50M from Sequoia Capital at a $500M Valuation

Instagram is set to raise a massive Series B round of venture financing and, according to AllThingsD, the round will be led by preeminent VC firm Sequoia Capital — the same firm that funded the likes of Apple, Google, YouTube, PayPal, Oracle, and Yahoo!. The company will reportedly be raising $50 million on a $500 million valuation, which is a hefty price point for a 17-month-old company with a headcount of 13. The service boasted 30 million iPhone users prior to its Android launch earlier this week, after which they received 1 million new signups in less than 24 hours. Now all it need to do is figure out a way to turn its popularity into dollar bills…

(via AllThingsD)


Image credit: Instagram founders @Kevin @mikeyk by Robert Scoble

Is Color the Webvan of Photo Sharing?

In March 2011 we reported that an iPhone photo sharing app called Color had raised a whopping $41 million in funding before it had even launched. Sequoia Capital, one of the most prominent VC firms in Silicon Valley, invested more money in Color than they had originally invested in Google. Now, just three short months later, Color is still struggling to find users while its less-funded competitors are leaving it in the dust.
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New Photo Sharing App Color Raises a Whopping $41 Million in Funding

The mobile photo sharing space is hot right now, with services like Instagram, Picplz, and Path growing like weeds. A new contender called Color is causing some buzz after successfully raising a whopping $41 million… before even launching. The company has seven notable founders who have either started successful companies in the past (e.g. Lala and BillShrink) or have held executive positions at them (LinkedIn). Among the investors is Sequoia Capital, one of the most influential and successful firms in Silicon Valley and the firm that funded Google. They gave Color more than they gave Google.
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