The Series C was for $100 million in total, covering about 45.3 million shares.

The June 29 documents do not detail a specific valuation but provide some hints at what the range might be. With 600,000,000 shares in total, on a fully diluted basis the valuation could be as high as $1.32 billion. But the valuation could also be flat compared to its last round, when Flipboard was valued at $800 million.įlipboard’s Series D share price, according to the documents, is the same as its Series C shares.

Companies that have reportedly talked to Flipboard for an acquisition include Google, Yahoo and Twitter.Ĭoincidentally, Flipboard co-founder and CEO Mike McCue used to be on the board of Twitter and has been mentioned as a possible candidate for the vacant CEO slot. While a Series D will help Flipboard continue to develop its business as an independent entity, there has been a lingering presence of M&A over the company, too, which often goes hand-in-hand with fundraising. But when the round was finally officially announced in October of that year, it was for $165 million. As a point of comparison, when we tracked down another fundraise via documents in Delaware - for Houzz in June 2014 - we were able to see $150 million raised. If this is filed, then the money should be there,” says Byers.įlipboard may well raise more in its Series D. This is an authorization to sell stock, but it appears that the money has already been raised.

On June 29, Flipboard authorized $50 million in a Series D, with stock priced at $2.2057 per share over 22,668,540 shares. (Flipboard did not respond to several requests for comment.) Now documents that the company filed in Delaware - dug up by Justin Byers of private market data provider VC Experts - provide more detail. We were first tipped off earlier this month that Flipboard had raised a new round. Flipboard’s 75 percent jump in the last six months has it clocking in at over 70 million monthly active users. And it looks like that is not the only recent bump for the startup: It appears to have quietly raised another $50 million in funding.

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