Start-ups

Imgur, Reddit’s favorite photo-hosting start-up, raises $40 million

Mike Isaac
Imgur wins the award for Best Bootstrapped Startup at the 7th Annual Crunchies Awards, Feb. 10, 2014, in San Francisco.
Steve Jennings | WireImage | Getty Images

They say a picture is worth a thousand words. For the social photo start-up Imgur, however, you might bump that up a few more figures.

The site announced Thursday it had raised a round of $40 million in venture funding, the first time the company has raised significant outside capital since its founding in 2009. The round was led by Andreessen Horowitz, and general partner Lars Dalgaard will take a seat on Imgur's board.

Imgur may not be a household name in social at this point. For years, the site has been largely known as an online hosting service of sorts, a repository for people to upload photos and then share out to other services like Facebook, Twitter or the wildly popular link sharing community site, Reddit.

David Karp
Tumblr founder David Karp invests in medical start-up

Re/code has the whole story.

By Mike Isaac, Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.