Funding
Series B · Consumer

Instagram raises $50 million

Smartphone photography was becoming a new way to build social connections.

By RoundOS Funding desk

Sequoia Capital led Instagram’s $50 million Series B, joined by Thrive Capital, Greylock and Benchmark.

The app brought photo sharing to smartphones as they increasingly replaced standalone cameras. Its fast, visual experience and growing network of users gave investors a way to back the shift towards mobile social interaction.

Funding history

Series B · This round$50M
Series A$7MSeed$500K

Sources

  1. Original confirmed Instagram Series B close reporttechcrunch.com · Apr 9, 2012
  2. Official Instagram product identity and founderssequoiacap.com

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