GIF Site Giphy Is Valued at $600 Million

The exploding popularity of animated GIFs online is attracting serious interest from venture investors.

Giphy Inc., a search engine for the short, looping video files that are all the rage on social media, has raised a fresh $72 million round of equity funding from lead investor Draper Fisher Jurvetson, as well as Institutional Venture Partners and China Media Capital.

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