Micro blog website Tumblr get 25 million financing

December 18th news, according to foreign media reports, the U.S. micro blogging site Tumblr Friday submitted to the U.S. Securities and Exchange Commission documents show that has received $25 million financing.

over the past few weeks has been reported that the blog platform Tumblr get a lot of financing. This news was confirmed on Friday, spark capital (Spark Capital), Sequoia Capital (Sequoia Capital), Guangzhou Investment (Union Square Ventures) participated in the investment.

Tumblr founder David · Karp (David Karp) will have a lot of things to spend to raise new funds. Tumblr has just opened a new office in New York, and another 4 employees, resulting in the total number of employees Tumblr reached 16. In a recent interview with TechCrunch, a well-known blog site, Karp said that Tumblr will expand the total number of employees to 20 people by the end of this year.

had heard of the company’s valuation of $155 million after the investment, raising a total of $30 million. But it does not mean that the $30 million financing is reduced to $25 million, or the planned future financing figures.

however, according to the latest media reports, Tumblr CEO John · (John Maloney); Maloney revealed to the media, the total financing of $30 million, including on Monday from Tumblr to the U.S. Securities and Exchange Commission submitted second documents to US $5 million. Maloney revealed that the composition of the $30 million sources, namely Sequoia capital invested $20 million, and has two spark capital investment the investment of $5 million.

Leave a Reply

Your email address will not be published. Required fields are marked *