More Twitter Funding Notes
Twitter last Friday announced that it had raised $35 million in Series D funding, from Benchmark Capital ($21m) and Institutional Venture Partners ($14m). The micro-blogging service also raised an undisclosed amount of capital from past backers Spark Capital and Union Square Ventures, and could add even more once existing angel shareholders decide whether or not to exercise their pro rata rights at the $230 million-ish valuation. All together, Twitter is expected to have over $50 million in cash on hand (including some old VC money that has not yet been spent). Some additional notes on this deal after the jump, based largely on a conversation with Todd Chaffee of IVP...
17 February 2009•2 mins read
