GIPHY acquired by Facebook
Gunderson Dettmer client GIPHY, a GIF search engine with integrations in thousands of platforms, announced its acquisition by Facebook.
In the announcement of the transaction GIPHY said "GIPHY has been acquired by Facebook and is joining the team at Instagram. We’ve had a lot of fun teaming up with Instagram over the years; GIPHY’s Stickers were the perfect fit for layering on Instagram Stories, while our GIF search allowed everyone to capture that perfect emotion in Instagram’s DMs. Based on the success of those collaborations (and many others) we know that there are exciting times ahead of us.”
The Gunderson Dettmer deal team was led by Colman Lynch and Andrew Luh and included Steven Baglio, Katie Gardner, Jeffrey Goldman, Emily Lieberman, Aliya Sanders, Alexa Haertel, Laurel Fedder, Jace Clegg, Skylar Polansky, Matthew Smallcomb, Brent Duddie, John Maciejewski and Adam Broza.