There've been rumors of an Imgur acquisition for months, but it looks like the photo-sharing service is taking it slow with a $40 million investment from premier venture capital firm Andreessen Horowitz. The company, which has apparently received offers from a wide swath of VCs, has never accepted outside investment. It's also accepting an undisclosed amount of funding from Reddit, for whose community Imgur is a widely used stool.
“We’ve always been fighting [VCs] off and the reason is because we never really found a good fit," Imgur founder and CEO Alan Schaaf told BetaBeat.
“We got along right off the bat. We were actually bouncing off interesting ideas in where to take the product. They actually made sense, which was out of left field," he added.