Twitter Funding Deal Confirmed. Raises $15M in Series B

According to GigaOm, Twitter has closed its second round of funding in which it raised around $15 million.

Twitter, a San Francisco based startup which was started by Ev Williams (founder of Odeo and Blogger) is in news for quite some time regarding their investment deal. Although it has been reported earlier that the company has raised around $15million to $20million  at a valuation north of $70 million. But then all this chatter proved out to be plain hype.

A new investor is participating in this round along with the current ones,  is one of them.

The official news of this agreement is going to come out soon along with the specifics about the lead investor which is yet to be known. The VCs who have participated in the current round of funding include Union Square Ventures, Charles River Ventures and Spark Capital. Charles River Ventures were unable to make it through to the final lot.

The San Francisco based company which started their services to group alert friends through SMS has now evolved as a communication tool. Twitter has managed to raise funding at a time when it is seriously struggling with scaling issues. Hopefully it could now use this money to bring in some good people, who knows how to deal with all these issues.

• Top Posts
• Top Commentators
• Top Referrers

• Recent Posts
• Recent Comments
• Recent Referrers