Which Company Just Raised $100 Million From Investors???
Posted by Media Outrage on September 28, 2009
We might be in a recession, but, that doesn’t prevent venture capital firms from investing boatloads of cash into companies they feel are on the rise and soon-to-be profitable. Which social network just raised $100 million from investors?? Peep game…..
Twitter raised $100 million in a new round of funding from Insight Venture Partners and T. Rowe Price. Institutional Venture Partners, Spark Capital and Benchmark Capital also put in money.
The valuation of the company is believed to be $1 billion. They have raised $155 million in two years.
Here’s what Twitter CEO Evan Williams wrote on his blog:
There’s a lot of talk today about our financing. Yesterday we closed a significant round of funding with a group of investment firms that we’re excited to publicly thank: Insight Venture Partners, T. Rowe Price, Institutional Venture Partners, Spark Capital, Benchmark Capital, and Morgan Stanley.
It was important to us that we find investment partners who share our vision for building a company of enduring value. Twitter’s journey has just begun and we are committed to building the best product, technology, and company possible. I’m proud of the team we’ve built so far and I’m confident in the future we’ll build together.