Sunday, February 15, 2009

FT.com / Companies / Technology - Twitter receives fresh Silicon Valley funding

Interesting times…

Benchmark Capital and Institutional Venture Partners led a $35m funding round, with Benchmark partner Peter Fenton joining the Twitter board.

The San Francisco start-up last year rejected a takeover offer by the social networking service Facebook, valued at up to $500m. The Techcrunch blog reported last month that Twitter had been discussing fresh investments that would value it at about $250m.

Its new VC round suggests its founders – Evan Williams, Jack Dorsey and Biz Stone – are confident they can go it alone and build a profitable service.

FT.com / Companies / Technology - Twitter receives fresh Silicon Valley funding

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