Giphy Raises $17M in Series B Financing

▤ Summary

Giphy, Inc., a New York-based GIF search engine, raised $17m in Series B financing.The round was led by Lightspeed Venture Partners, with participation from General Catalyst and current investors.The company intends to use the funds to accelerate its growth, expand its services and capabilities and grow its team.Founded in 2013, it works with social networks, mobile apps, technology platforms and content creators to organize and distribute GIFs.It works with TV hits, blockbuster films, global apps like LINE, publishers like Vox Media, celebs and bands to create and distribute GIFs.

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