In April 2012, Instagram raised $50 million from venture capitalists with a $500 million valuation. The deal valued Instagram at around $20 million. #INSTAGRAM FOR PC FREE DOWNLOAD WINDOWS 7 FULL VERSION SERIES#In February 2011, it was reported that Instagram had raised $7 million in Series A funding from a variety of investors, including Benchmark Capital, Jack Dorsey, Chris Sacca (through Capital fund), and Adam D'Angelo. On October 6, 2010, the Instagram iOS app was officially released through the App Store. It has been wrongly attributed as the first Instagram photo due to the earlier letter of the alphabet in its URL. Systrom shared his first post, a picture of a dog and his girlfriend's foot, a few hours later at 9:24 PM. The first Instagram post was a photo of South Beach Harbor at Pier 38, posted by Mike Krieger at 5:26 PM on July 16, 2010. Josh Riedel joined the company in October as Community Manager, Shayne Sweeney joined in November as an engineer, and Jessica Zollman joined as a Community Evangelist in August 2011. ![]() On March 5, 2010, Systrom closed a $500,000 seed funding round with Baseline Ventures and Andreessen Horowitz while working on Burbn. ![]() They renamed the app Instagram, a portmanteau of " instant camera" and " telegram". Realizing that Burbn was too similar to Foursquare, Systrom and Krieger refocused their app on photo-sharing, which had become a popular feature among Burbn users. ![]() Instagram began development in San Francisco as Burbn, a mobile check-in app created by Kevin Systrom and Mike Krieger.
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