Published On: Thu, Jul 16th, 2015

Flipagram Raises $70 Million; Investors Doerr, Moritz Join Board

L-R Michael Moritz  josh Feldman - Flipagram

 

Flipagram, which one of its three founders is a nice Jewish guy,  Josh Feldman,  closed a $70 million round of financing, led by   Michael Moritz chairman of  Sequoia who joined Flipagram’s board of directors together with John Doerr, general partner at Kleiner Perkins Caufield & Byers. Joined in the round  Index Ventures.

Flipagram, is a way for people to create and share visual stories using the photos, videos and music on their phones, with more than 120 million users, who have created more than 300 million slide shows or videos.

The Los Angeles-based startup has struck deals with the music industry, letting people make slide shows and videos with current tracks without violating copyrights.

Flipagram already counts hundreds of influencers and artists including,   Fifth Harmony, Britney Spears, Jessica Alba, Maroon 5, Dr. Deepak Chopra, Jamie Foxx, Miranda Lambert, Garth Brooks, Quest Love, and many others, as well as social media talent and budding Flipagram stars like Roberto De Jesus, Natalie DiScala, Legendary Shots, Hector Alejandro, Derik Fein, Neda Alkhalaf, and Sam Ciudar.

“Flipagram’s popularity shows that the app has touched a chord with people everywhere.” said Sequoia’s Michael Moritz. “Flipagrams are easy to create and the way they combine photos, video, music and audio furnishes them with a global appeal, ”

Farhad Mohit, co-founder and CEO of Flipagram said “We are truly honored to be working with such extraordinary investors, ”  “It’s still the early days of our journey, but we are lucky to have such powerful allies in our mission to democratize storytelling and give people everywhere the power to create and share amazing visual stories using just their smartphones.”

 

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