Tuesday, 11 March 2014
Secret-Sharing App Whisper Raising Another $30 Million at $200 Million Valuation
Whisper, the popular anonymous sharing app, is reeling in more money from venture capitalists, only six months after its last funding round. The round is worth just shy of $30 million, and places post-money valuation on the company of around $200 million, said multiple sources close to the situation.
It was led by Shasta Ventures, with Thrive Capital and, interestingly, China’s Tencent participating. Sources added that it is still possible that Tencent might add another $15 million to the round, said a source, presumably increasing the valuation.
The new round is on top of $21 million with a $76 million valuation for the last round Whisper did back in September. Existing investors, such as Sequoia Capital and Lightspeed Venture Partners, have also joined this new round.
Whisper is especially hot with young people and on college campuses, although it’s recently been surpassed in popularity in Silicon Valley by San Francisco-based Secret, which is raising a closely watched Series A round of about $10 million with a $50 million valuation, as others have reported.
Whisper has also recently been experimenting with some of its first monetization projects, through a promotional deal with Universal Pictures, according to a source. But it will be interesting to see how these apps start bringing in money that does not come directly from the bank accounts of VCs.
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