# Meta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meta

- Industry: Internet
- Headquarters: Menlo Park, US
- Website: www.meta.com
- Total disclosed funding: $615M
- Latest round: Series E (May 26, 2009)
- Investors on record: 7

## About

Founded in 2004 by CEO, Mark Zuckerberg, and based in California, US,  Meta Platforms, Inc., formerly known as Facebook, Inc. and a.k.a Meta is an online social networking platform that connects users with friends, family, and makes new connections. The company's platform also provides users to create profile, update information, add images, send friend requests, and create or join group pages. In May 2012, Facebook priced its initial public offering (IPO) at USD 38 per share, at the top end of its expected range of USD 34-38, selling 421 million shares raising a total of USD 16 billion. The IPO gave Facebook a valuation of USD 104 billion and was listed on the NASDAQ under ticker symbol FB. The company was rebrand to Meta Platforms, Inc. (Meta) on October 2021 at the company's annual Connect Conference changing its ticker symbol to META. Additionally, as of December 2021, Meta had approximately 71,970 employees globally.

Meta Platform's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, wearables, and in-home devices. The product offering includes Facebook, Instagram, Messenger, WhatsApp, and Reality Labs. The company operates in two segments, Family of Apps (FoA which include Facebook, Instagram, Messenger, and WhatsApp), and Reality Labs (RL).  

The company's Family of Apps segment generates substantially all of its revenue from selling advertising placements to marketers including Ads on its platforms that enable marketers to reach people based on a variety of factors and marketers purchase ads that can appear in multiple places including on Facebook, Instagram, Messenger, and third-party applications and websites. RL generates revenue from sales of consumer hardware products, software and content. In 2022, the company generated USD 116.61 billion in revenue.

## Funding rounds

- Series E, May 26, 2009, $200M — DST Global
- Series D, Dec 31, 2007, $375M — Microsoft, Rocket Internet SE
- Series C, Jun 24, 2006, $28M — Accel, Meritech Capital Partners, Greylock Partners, Founders Fund
- Series B, May 11, 2005, $12M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series C
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series C
- Microsoft — Series D
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series D
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series E