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Confirmed: Flipboard Raises Another $50 Million To Close Out Its Series C Round

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http://techcrunch.com – Flipboard has confirmed that it raised an additional $50 million, which will close out the Series C round of financing that it brought on in September. In addition to the new funding, Flipboard is also announcing that it has also surpassed the 100-million-user milestone. The additional funding, which was first reported by Fortune, will also be led Rizvi Traverse Management, the investment fund run by under-the-radar Suhail Rizvi. The funding closed last week, according to a company spokesperson, and brings the total amount raised to more than $160 million. Valuation was pegged at $800 million, (IT news)