Instagram Expected to Get $500 Million Valuation After New Funding Round

Posted on March 16, 2012

Instagram, a popular free iPhone photo sharing app, is expected to be valued at $500 million after a new round of funding. That is a very lofty evaluation and a hugejump from the company's valuation a year ago, which was $25 million. The company only has about 13 employees.

The Huffington Post says Instagram has 27 million registered users and is working on an Android app. The Wall Street Journal says some investors are steering clear because of the high evaluation. Instagram is working on building a large user base first before embarking on any monetizing strategies. Take a look:

More from Writers Write

  • Karlie Kloss to Relaunch Life Magazine at Bedford Media


  • NBF Expands National Book Awards Eligibility Criteria


  • Striking Writers and Actors March Together on Hollywood Streets


  • Vice Media Files for Chapter 11 Bankruptcy


  • Oprah Selects The Covenant of Water as 101st Book Club Pick


  • New in Products: Amazon Kindle Colorsoft Signature Edition