The New York Times reported that the company was in the process of closing a $400 million funding round at a $8B valuation. The round was led by DST with participation from existing investor Kleiner Perkins.
Back in December the company valuation was estimated at only 3,7B. The investors are sure that this incredible growth will continue.
Unlike its market colleges such as Zynga and Groupon the company is not planning on IPO.