Microblogging News

All about Microblogging

Twitter confirms significant round of funding

Twitter has just confirmed that it has raised a significant round of funding led by DST global with participation from several other investors.

This news comes only weeks later after rumors that Twitter had raised 800 million in funding at 8 billion worth.

On the Twitter blog, Twitter talks about expanding the companies reach with the new round of funding.

We will use these resources to aggressively innovate, hire more great people and invest in international expansion.

Says Twitter.

Twitter does not however say how much money is involved in this round of funding but if this is significant to Twitter we could guess its up to 1 billion, Twitter has raised 1.5 billion to date.

Update: We have gotten a quote from DST chief Yuri Milner:

Twitter is one of the few companies that has truly changed the world,” said Yuri Milner, Founder of DST Global. “Twitter’s astonishing growth is a testament to how important it is becoming to more people every day, and why we couldn’t pass up the chance to be a bigger part of its future.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: