Tumblr Lands $85 Million in Funding - NYTimes.com
Jenna Wortham via NY Times
Over the past few years, Tumblr, a microblogging service, has steadily built a community of fans and users who like the site’s combination of social networking features and simple blogging tools that lets them quickly post photographs, videos, songs, links and bits of text.
Now, the company has attracted a slew of venture capitalists who are hoping to capitalize on that popularity.
On Monday, the company will announce it raised $85 million in fresh financing. The round was led by Greylock Partners and Insight Venture Partners, and the Chernin Group, Richard Branson, Spark Capital, Union Square Ventures and Sequoia Capital also contributed. To date, the company has raised roughly $40 million in funding.
I need to get a briefing from Tumblr to see what they plan to do with this new tankful of gas.
h/t catepillarcowboy
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They need to seriously invest some of that $85 million in a better more secure server infrastructural that is better...
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