Tech Company Financing Transactions
Instagram Funding Round
Instagram, based in San Francisco, received $7 million in investment from Benchmark Capital, Baseline Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/2/2011
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Undisclosed
Investors
Benchmark Capital (Lead Investor) (Matthew Cohler)
Baseline Ventures (Steven Anderson)
Proceeds Purpose
With this new capital, we're excited to accelerate building a world-class engineering team to help tackle next-generation problems of scale in mobile and social. Our new capital will also allow us to scale to the opportunity we've been handed across a variety of platforms on mobile and the web.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
Undisclosed
San Francisco, CA 94100
USA
San Francisco, CA 94100
USA
Phone
Undisclosed
Website
Email Address
Overview
Snap a photo with your iPhone, choose a filter to transform the look and feel, send to Facebook, Twitter or Flickr -- it's all as easy as pie. It's photo sharing, reinvented.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Systrom
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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