• Twitter Now Worth $3.7 Billion, Nabs $200 Million And Two New Board Members

    Wednesday, December 15th, 2010

    Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the Media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... → Learn More

    Money tunnelphoto © 2010 Keith Ramsey | more info (via: Wylio) The smoke has cleared and the Twitter bidding wars have finally ended, AllThingsD’s Kara Swisher reports that microblogging service Twitter has added another $200 million to its coffers and a $3.7 billion dollar valuation in a funding round led by Kleiner Perkins, beating out DST as we also previously reported.

    Along with more money Twitter has added two new members to its board, Flipboard’s Mike McCue and DoubleClick’s David Rosenblatt, it confirmed in a blog post it humorously headlined “Stocking Stuffer.” Twitter also confirmed the $200 million number in an email sent to TechCrunch earlier.

    This lastest coffer dump expands the company’s total funding to about $360 million. Other investors include Benchmark Capital, Union Square Ventures and Spark Capital. As Twitter has recently revamped its business and ad strategy, it remains to be seen what will be done with this latest windfall.

    Whatever it is I for one can’t wait.

    Company: Twitter
    Website: twitter.com
    Launch Date: March 21, 2006
    Funding: $1.16B

    Twitter, founded by Jack Dorsey, Biz Stone, and Evan Williams in March 2006 (launched publicly in July 2006), is a social networking and micro-blogging service that allows users to post updates 140 characters long. Twitter “is a real-time information network that connects [users] to the latest stories, ideas, opinions, and news.” The service can be accessed through a variety of methods, including Twitter’s website; text messaging; instant messaging; and third-party desktop, mobile, and web applications. Twitter is currently available in...

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