Flipboard, a US-based content aggregation platform backed by cable service Comcast, has raised $50m in series D funding, TechCrunch reported earlier today, citing documents filed by the company in Delaware.
Founded in 2010, Flipboard pulls in content from other websites, sorts the articles by topic and then presents them in a magazine format.
The capital was raised in June 2015, according to the fiiling. TechCrunch estimates the round, which has not been officially announced and may not be closed yet, could theoretically value Flipboard as high as $1.32bn.
Flipboard raised $100m from Ritzi Trvaerse Management, Goldman Sachs, Insight Venture Partners, Index Ventures and Kleiner Perkins Caufield & Byers (KPCB) in a 2013 series C round that valued it at $800m, according to TechCrunch.
Comcast Interactive Capital, the predecessor of Comcast’s current investment unit Comcast Ventures, and media company Chernin Group took part in a $50m series B round raised by Flipboard in 2011 that also included KPCB, Insight, Index and various angel investors.
Flipboard has now raised approximately $210m in total, and its past investors include GGV Capital and SV Angel.
The company has reportedly been in talks for an acquisition with diversified internet companies Google and Yahoo, as well as social network Twitter.