Twitter receives new investment - PC Retail

Twitter receives new investment

Size of funding round remains unconfirmed
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Micro-bogging website Twitter has closed a round of funding from new and existing investors.

The site’s co-founder Evan Williams confirmed in his blog that the company had “closed a significant round of funding”, but did not disclose the size of the investment. Earlier media reports had suggested the total was around $100 million, which would Twitter at around $1 billion.

“It was important to us that we find investment partners who share our vision for building a company of enduring value,” Williams wrote. “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.”

The firms to invest in the site were Insight Venture Partners, T. Rowe Price, Institutional Venture Partners, Spark Capital, Benchmark Capital, and Morgan Stanley.

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