News Byte

Flipboard to Close Additional $50 Million Investment Tomorrow

Flipboard, which recently raised $50 million in new funding in a round led by Rizvi Traverse Management and Goldman Sachs, will file information about an additional $50 million investment from Rizvi tomorrow, said sources. The expansion of its Series C funding means that Flipboard will have raised about $160 million in total, and puts the valuation of the Silicon Valley startup that makes the popular social reading service that has 100 million active users at $800 million. The possibility of extra funding was first reported by Fortune’s Dan Primack.

Forget Trendy Coffee Beans — Now Seaweed Innovation Gets Techie Money

As they say in Silicon Valley: Move fast and break things — though, in this case, not the chips.
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Yves Behar’s “Smart” Lock Startup August Raises $8 Million

Open sez-VCs.
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Explaining What It’s Going to Do With All That Dough, Pinterest Unveils Stats on Strong Mobile and International Usage

Yes, you may say it out loud: Has Silicon Valley lost its mind?
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Pinterest Does Another Massive Funding — $225 Million at $3.8 Billion Valuation (Confirmed)

Pin this! An even more ginormous pile of money for the social bookmarking phenom.
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Good Eggs Nabs $8.5 Million from Sequoia and Others for Local Farm-to-Fridge Effort (Video)

Founder Rob Spiro talks about getting sustainable food to consumers.
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Loose Lips: Yahoo M&A Head Told Employees Company Looking at Two “Significant” and a Half-Dozen Small Buys

In most cases, they sink ships. Here, perhaps not.
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Square COO Keith Rabois Departs Company