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WSJ: Twitter Close to Raising $100 Million

Authored by Mark Hefflinger on September 24, 2009 - 6:01am.
New York - Twitter is close to raising as much as $100 million in new funding from as many as seven investors, The Wall Street Journal reported, citing people familiar with the deal. That is double the $50 million figure that several recent reports indicated the company was in the process of raising.

The Journal reports that the investor group includes newcomers T. Rowe Price and Insigne Venture Partners, and previous Twitter backers Spark Capital and Institutional Venture Partners.

The investors are reportedly valuing Twitter at $1 billion for the transaction -- up from the $255 million valuation the company received when it raised funds earlier this year.

 

Related Links:
http://snipurl.com/s3hrd (WSJ)

http://snipurl.com/s3i0o (DMW previous coverage) 

Published in DMW Daily, September 24, 2009
tags: Deals | VC | Publishing | Spark Capital | Investments | Twitter | T. Rowe Price | Institutional Venture Partners | Insight Venture Partners |



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