Chastity Mansfield I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

New $50 million funding round will help Flipboard unify content consumption

19 sec read

Flipboard has been able to stay on top of the extremely competitive arena of content presentation and distribution for a couple of years now. This latest round of funding against a strong valuation should help them maintain their grip on the top spot.

According to sources close to the situation, Flipboard has raised $50 million in new funding, in a round led by Rizvi Traverse Management and Goldman Sachs.

The new funding puts the valuation of the Silicon Valley startup that makes the popular social reading service at $800 million, said sources.

Source
Avatar of Chastity Mansfield
Chastity Mansfield I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

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