Exclusive: Months after launch, meme-maker Piñata Farms landed a $100 million valuation in a …

Piñata Farms is an app for creating video memes that’s become a favorite of startup investors. The app is only seven months out from its public launch, and already it’s reached 97,000 installs. Last fall, Piñata Farms raised $20 million in a round led by Index Ventures, Insider has learned. Founded by two startup investors, Piñata Farms is the little-known startup behind the funniest videos on social media.Its app lets users take a video from its library and edit anyone or anything into the footage, making it easy to create fast memes. Here’s a recent example that blew up.—Turner Novak 🍌🧢 (@TurnerNovak) June 11, 2021And another.—Eric Reiner (@ericmreiner) July 7, 2021The app is only seven months out from its public launch, and already it’s reached 97,000 installs nationwide, according to estimates shared with Insider by data firm Sensor Tower.It has also cultivated a rabid following of tech insiders, who use the app to make and share videos roasting everyone from Chamath Palihapitiya to Elon Musk.Turns out, Piñata Farms raised a healthy round of funding at a monster valuation last fall, Insider has learned.It raised $20 million in a deal led by Index Ventures at a valuation of $100 million, according to…
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