Twitter received £24.5m ($5.21m) in VC funding this weekend, bringing its total funding figure to over £35m ($77.47m).
The funding, which is the third round of investment in the site, came from venture capital firms Benchmark and Institutional Venture Partners.
Twitter co-founder Biz Stone said in a blog post the site's strong growth - it has seen active user numbers jump 900% in a year - attracted the money.
It will be invested to grow the site further and to investigate revenue generation products.
Twitter gets more funding
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3 Responses to "Twitter gets more funding" (Leave A Comment)
February 16, 2009 at 10:08 PM
Crikey. I'm buggered if I can see a feasible revenue model for them though. Short of being bought out by Google.
February 16, 2009 at 10:33 PM
Unless they do something hideous and start allowing banner ads...
February 16, 2009 at 10:58 PM
Banner ads: Nuh-ah, too many people access Twitter not at Twitter. Contextually relevant text ads it will be; mark my words (!)
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