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Twitter Lands Another $35 Million in Funding

Authored by Mark Hefflinger on February 13, 2009 - 11:23am.
San Francisco - Twitter, the popular microblogging service, said on Friday that it has raised $35 million in its third round of funding, co-led by Institutional Venture Partners and Benchmark Capital. "We weren't actively seeking more funding... Nevertheless, our strong growth attracted interest and we decided to accept a unique opportunity to make Twitter even stronger with a very attractive offer," the company said in a blog post.

Started as a side project in March of 2006, San Francisco-based Twitter now has raised a total of $55 million.

The company said that it will use a portion of the proceeds to "begin building revenue-generating products," as well as expand the size of its staff, currently at 29 employees.

 

 

Related Links:
http://blog.twitter.com

http://twitter.com

Published in DMW Daily, February 13, 2009
tags: Deals | VC | Benchmark Capital | Publishing | Twitter | Microblogging | Institutional Venture Partners |



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