Saturday, September 26, 2009

Twitter Closes Its $100 Million Round


The big news yesterday was that Twitter raised another $100 million. Today, Twitter CEO Evan Williams confirms in ablog post that the company did indeed close a new round of funding. The new investors in the round are Insight Venture Partners and T. Rowe Price. Existing investors Institutional Venture Partners, Spark Capital and Benchmark Capital also put in more money.

Williams did not disclose the size of the round or the valuation, but as we first reported earlier this month the valuation is believed to be $1 billion.

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