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Twitter Raises $200M, Now Valued at $3.7 Billion

15 December 2010 1:25 PM, PST | The Wrap | See recent The Wrap news »

Twitter hasn’t turned a profit, and until recently had largely shunned talk of revenue generation. But according to a report by Kara Swisher and confirmed by Twitter, the microblogging company recently completed a $200 million round of financing at a nonetheless shocking valuation of $3.7 billion. Kleiner Perkins is the lone investor this round Additionally, Twitter has added two new members to its board: Flipboard chief Mike McCue and David Rosenblatt, formerly of DoubleClick. Here’s newly-installed Twitter CEO Dick Costolo’s blog post announcing the funding and board additions: Growth is fun. In the past »

- Dylan Stableford

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2011 | 2010

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