jump to navigation

Tumblr raised $85 million 27 September 2011

Posted by computeraholic in Uncategorized.

The microblogging platform that allows users to post text, images, videos, links, quotes and audio to their tumblelog, a short-form blog announce lands $85 Million in Funding

The blogs platform Tumblr today announced the raised $85 million in fresh financing, reports The New York Times. 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. The valuation of the company after the fundraising is not yet known.

Tumblr had raised $40 million so far. Launched in 2007, this site allows to very easily create blogs focusing on text, photo, and the sharing of links. Tumblr claims 30 million blogs created so far, 40 million of “posts” published and 400 million page views daily.

In one year, its visitor in the United States has nearly tripled, from 4.2 to 11.8 million unique visitors in May 2011, according to The Social Media Report Q3 2011 by

[Source: PCSMAX]



No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: