What is Flipagram?
Flipagram is a platform dedicated to empowering individuals to create and share immersive video stories enhanced with music. Its core mission is to democratize storytelling, enabling users worldwide to express themselves through easily created 'Flips' that transcend language barriers. With tens of millions of monthly active users, Flipagram has become a prominent space for musical artists, influencers, and brands to connect with audiences authentically. The platform holds comprehensive music licenses from major record labels and publishers, facilitating the use of popular music in user-generated content.
How much funding has Flipagram raised?
Flipagram has raised a total of $74M across 2 funding rounds:
Angel/Seed
$4M
Series B
$70M
Angel/Seed (2013): $4M, investors not publicly disclosed
Series B (2015): $70M led by Kleiner Perkins Caufield & Byers, Index Ventures, and Steamboat Ventures
Key Investors in Flipagram
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a prominent venture capital firm based in Menlo Park, specializing in early and growth-stage technology and life science companies. They provide capital and operational support from seed through IPO or acquisition.
Index Ventures
Index Ventures is a global venture capital firm that invests in entrepreneurs from seed to IPO, backing companies that challenge the status quo. They have offices in San Francisco and London.
Steamboat Ventures
Steamboat Ventures, established in 2000, focuses on investing in early to growth-stage companies within the technology, media, and consumer sectors, aiming to foster market leadership and create lasting value.
What's next for Flipagram?
The substantial enterprise-level capital infusion, particularly the recent strategic investment, positions Flipagram for accelerated expansion and feature development. This significant backing suggests a focus on scaling its user base, enhancing platform capabilities, and potentially exploring new monetization strategies. The company's ability to secure major music licenses indicates a mature operational framework, ready to leverage this new financing for market penetration and competitive advantage in the social video storytelling sector.
See full Flipagram company page
