Fundraising Fox

Flipboard

Palo Alto, US Β· California corporation Β· 13 known investors

Flipboard is a news and social network aggregator that presents curated web content in a flippable magazine format.

Also known as Flipboard Inc.

Founders & leadership

MM
Michael McCueFounder

Board

BGBing Gordon
Bing Gordonin𝕏Board directorAdvisor and Chief Product Officer at Kleiner Perkins
DB
David BellBoard director

Investors Β· 13

Also in the syndicate Β· 1

JPMorgan Chaselead

Reported raises Β· per SEC filings

Form D private placements

$25M disclosed across 1 of 2 rounds Β· 2015–2022

β–Ά$25MraisedJul 2022 Β· 23 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Bing GordonDirector
  • David BellDirector
  • Michael McCueExecutive Officer, Director, Promoter
Offering amount
$25M
Amount sold
$25M
First sale
Jun 2022
Incorporated
Corporation, California
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation Β· disclosed

Disclosed events
$800Mvaluation at Funding roundJul 2015
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

Flipboard is a news aggregator and social network aggregation company headquartered in Palo Alto, California, with additional offices in New York, Vancouver and Beijing. Its software, first released on July 21, 2010, aggregates material from social media, news feeds, photo sharing sites and other websites, presents it in a magazine layout, and lets users "flip" through articles, images and videos. Readers can also collect stories into their own Flipboard Magazines and make them public. The service is reachable through a web browser, desktop applications for Microsoft Windows and macOS, and mobile apps for iOS and Android; the client software is free and localized in 21 languages, with additional support noted for Tizen, watchOS, Fitbit OS and Windows Phone.

The consumer product organizes content by topic β€” business, health, tech, sports, cooking, travel, photography and local news among them β€” drawing on national publishers including the Associated Press, The Washington Post, ESPN, National Geographic, NPR, TIME, The Atlantic, BBC, CBS and NBC, alongside local outlets and community curators. Users can follow topics, follow other curators, enable location services for local coverage, receive push notifications and a home-screen widget, and subscribe to topic newsletters such as The Tastiest, the Tech Briefing, the Climate Briefing, Wanderlust and The Shot. The public flipboard.com front page presents a continuously updated feed of headlines from verified publishers.

Since December 2023 Flipboard has been integrating with the Fediverse via the ActivityPub protocol, and in December 2024 it launched Surf, an RSS feed reader and client for the social web with initial support for the AT Protocol (used primarily by Bluesky) and ActivityPub (used primarily by Mastodon). CEO Mike McCue has framed the goal as making Flipboard "a Fediverse browser," arguing that open, interoperable protocols are a more equitable alternative to proprietary social platforms.

Founding story

Co-founder Mike McCue has said the idea came to him while reading a National Geographic magazine on an airplane and comparing that experience unfavorably with reading the same article on the web, which he found cluttered with pop-ups, small images and poor typography. He set out to build a beautifully designed reading application, and co-founder Evan Doll argued that social media should be the discovery layer, on the reasoning that recommended content is more likely to be read than content encountered at random. The two used Twitter and Facebook APIs to populate the app with content organized into magazine-style pages.

Business model

Flipboard distributes a free consumer application across mobile, desktop and web, aggregating third-party publisher content and user-curated magazines. It makes payments to publishers, so the company reports a net revenue figure distinct from gross revenue.

Advertising within the magazine-style reading experience; McCue has described a focus on high-quality advertising fitted to the magazine format, citing brand advertisers including Rolex, Lexus, Gucci and Virgin. Because Flipboard pays publishers for content, it distinguishes net revenue from total revenue.

Traction

Flipboard reported roughly 40 million monthly users in 2014 and more than 80 million by October 2015, with over 100 million counting everyone who had interacted with the app. As of March 2016 the company said users had created 28 million magazines. The iOS app holds a 4.7 rating from about 329,000 ratings and ranked #94 in the App Store News category. The company reported driving 4.5 billion referrals to publishers in 2023.

Latest developments

In December 2023 Flipboard began a phased integration with the Fediverse using ActivityPub. In December 2024 it launched Surf, an RSS reader and social web client supporting the AT Protocol and ActivityPub, and CEO Mike McCue described the ambition of turning Flipboard into a "Fediverse browser" ahead of the company's 15th anniversary. The latest reported iOS update, 4.3.44, was rolled out on April 2, 2025.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

One of the longer-lived news aggregation apps, competing with Apple News and Facebook's news products as media consumption fragmented away from single dedicated tablet news apps. The company reported growing users and net revenue in 2015 while press reports questioned its trajectory. It describes itself as a significant referral source for publishers, ranking between the second and fifth largest referrer and driving 4.5 billion referrals in 2023.

A magazine-format reading and curation experience rather than a conventional feed, combining professional publisher content with user-created magazines and topic-based discovery that does not require a creator to have followers. Its shift to open protocols β€” ActivityPub and, via Surf, the AT Protocol β€” differentiates it from platforms dependent on proprietary social APIs, a dependency the company found to be an existential risk when Twitter and Facebook restricted access.

Technology

A magazine-style rendering and flipping user interface across iOS, Android, web and desktop clients, with a "Cover Stories" section collating recent items from a user's subscriptions. Content filtering, topic classification and recommendations derive from the acquired Zite technology. The platform has integrated the ActivityPub protocol for Fediverse interoperability and, through the Surf client, the AT Protocol and RSS.

Go-to-market

Distribution is through app stores and the web, with the iOS app appearing in the App Store News chart and having been named an Editors' Choice. Topic-based email newsletters and social channels are used for retention and re-engagement, and the platform positions itself to creators as a discovery channel where reach depends on topic relevance rather than an existing follower base.

General consumers reading news and interest-based content across topics such as business, health, technology, sports, cooking and travel; content creators and enthusiast curators building audiences; publishers seeking referral traffic; and brand advertisers.

Geography

Headquartered in Palo Alto, California, with offices in New York, Vancouver and Beijing. The app is localized in 21 languages. Flipboard was blocked by the Great Firewall of China on May 15, 2011; the company subsequently released a China-localized edition and, from February 2015, self-censored for users in China, removing Twitter and Facebook from the China content guide and from existing subscriptions.

History

Flipboard launched on July 21, 2010, initially exclusively for the iPad, and released iPhone and iPod Touch versions seventeen months later in December 2011. An Android phone version arrived on May 5, 2012 beginning with the Samsung Galaxy S3, followed by a beta in May 2012 and a stable Google Play release on June 22, 2012. A Windows 8 app was demonstrated at Microsoft's 2013 Build conference and rolled out to Windows Phone devices on October 22, 2014. In March 2014 Flipboard bought Zite, a magazine-style reading app, from CNN, integrating Zite's content filtering, topic engine and recommendation system; Zite was shut down on December 7, 2015. Flipboard became available on the web in February 2015. In February 2017 the iOS and Android apps were redesigned as version 4.0, adding smart magazines that bundle sources, people and hashtags. On May 29, 2019 the company disclosed a security breach affecting users across periods in 2018 and 2019. In September 2021 it added a "tune" personalization control for the For You page. After social platforms restricted API access β€” a change McCue said threatened the app's discovery layer and led him to step down from Twitter's board after two years β€” the company built its own social layer, launching user-published Magazines with Flipboard 2.0, which McCue later characterized as its own walled garden. From December 2023 the company began adopting ActivityPub, and in December 2024 it launched the Surf browser.

Risks & controversies

On May 29, 2019 Flipboard disclosed a security breach in which customer databases containing encrypted passwords and third-party access tokens were accessible to an unauthorized party across periods between June 2018 and April 2019; passwords and tokens were reset, with most passwords hashed using bcrypt and some legacy SHA-1 hashes. The service has been blocked in China since 2011 and has self-censored content for Chinese users since February 2015. In 2015, Wall Street Journal and Bloomberg reports described the company as floundering, cited an executive "exodus" including its CFO and co-founder Evan Doll, and reported failed acquisition talks and disappointing revenue; McCue disputed the characterization, confirmed earlier acquisition talks with Twitter but denied talks with Yahoo, and said the company was not for sale. Dependence on third-party social APIs was described by McCue as an existential vulnerability. Some user reviews criticize advertising volume and feed control.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
App localizationJan 202521 languages
Company valuationOct 2015$800M
IOS App Store ratingJan 20254.7 out of 5
IOS App Store ratings countJan 2025329,000 ratings
Monthly usersOct 201580,000,000 users
Referrals driven to publishersJan 20234,500,000,000 referrals
Total funding raisedJan 2015More than $200 million from investors
Total users who have interacted with the appOct 2015100,000,000 users
User-created magazinesMar 201628,000,000 magazines

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

10 people who came through Flipboard went on to found or lead other companies.

Competitors Β· 1

by search overlap

Companies competing with Flipboard for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 16

launches, deals, and filings
Apr 2025
iOS update 4.3.44 released

Flipboard rolled out iOS version 4.3.44.

source β†—

Dec 2024
Launch of Surf, a social web browser and RSS reader

Flipboard launched Surf, an RSS feed reader and client for the social web with initial support for the AT Protocol and ActivityPub.

source β†—

Dec 2023
Phased integration with the Fediverse via ActivityPub

Flipboard began a phased process of integrating with the Fediverse using the ActivityPub protocol.

source β†—

Sep 2021
For You personalization feature

A "tune" control was added allowing users to select topics of interest and shape their For You page.

source β†—

May 2019
Disclosure of security breach

Flipboard disclosed that customer databases including encrypted passwords and third-party access tokens were accessible to an unauthorized party during periods between June 2018 and April 2019; passwords and tokens were reset.

source β†—

Feb 2017
Version 4.0 redesign with smart magazines

The iOS and Android apps were updated to 4.0 with a full redesign and smart magazines that bundle news sources, people and hashtags.

source β†—

Jul 2015
$50 million funding round from JPMorgan Chase

Flipboard confirmed a $50 million funding round from JPMorgan Chase; the company was reported to be worth about $800 million.

$50M source β†—

Feb 2015
Flipboard becomes available on the web

Previously mobile-only, Flipboard launched a web client providing webpage links in desktop browsers.

source β†—

Jan 2015
Co-founder Evan Doll and CFO depart

Press reports described executive departures including the chief financial officer and co-founder Evan Doll; Doll said his exit had been planned with McCue and was unrelated to company health.

source β†—

Oct 2014
Flipboard for Windows 8 rolled out to Windows Phone devices

The Windows 8 app was extended to Windows Phone devices beginning with the Nokia Lumia 2520.

source β†—

Mar 2014
Flipboard acquires Zite from CNN

Flipboard bought the magazine-style reading app Zite from CNN and integrated its content filtering, topic engine and recommendation system. Zite was shut down on December 7, 2015.

source β†—

May 2012
Android release begins with Samsung Galaxy S3

Flipboard was released for Android phones starting with the Samsung Galaxy S3, followed by a website beta on May 30, 2012 and a stable Google Play release on June 22, 2012.

source β†—

Dec 2011
iPhone and iPod Touch versions released

Seventeen months after the iPad launch, Flipboard shipped versions for iPhone and iPod Touch.

source β†—

May 2011
Flipboard blocked by the Great Firewall of China

McCue stated on Twitter that China had officially blocked Flipboard; the company subsequently released a China-localized edition.

source β†—

Jul 2010
Flipboard launches, initially exclusive to iPad

The first release of the Flipboard app was available only on the iPad.

source β†—

Jan 2010
Named Apple's iPad App of the Year and a TIME best invention of 2010

Apple named Flipboard its 2010 iPad App of the Year, and TIME listed it among the 50 best inventions of 2010.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
FlipboardCalifornia

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Flipboard do?
Flipboard is a news and social network aggregator that presents curated web content in a flippable magazine format.
Who founded Flipboard?
Flipboard was founded by Michael McCue.
Who are Flipboard's investors?
Flipboard's investors include Amino Capital, Coatue Management, Comcast Ventures, Index Ventures, K2 Global, Rizvi Traverse Management, SaaStr Fund, The Chernin Group (TCG Crypto) and 4 more.
How much funding has Flipboard raised?
Flipboard has disclosed $25M raised across 1 of its 2 known rounds.
Where is Flipboard headquartered?
Flipboard is headquartered in Palo Alto, US.