photo © 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.
Created in 2006, Twitter is a global real-time communications platform with 400 million monthly visitors to twitter.com, more than 200 million monthly active users around the world. We see a billion tweets every 2.5 days on every conceivable topic. World leaders, major athletes, star performers, news organizations and entertainment outlets are among the millions of active Twitter accounts through which users can truly get the pulse of the planet.