Folks who had a hard time believing that Twitter was worth $1 billion a year ago are going to have an even harder time swallowing the company’s new valuation.
AllThingsDigital’s Kara Swisher reports that Twitter just raised a $200 million round that valued the company at $3.7 billion.
In a company blog post, CEO Dick Costolo confirmed that the company has raised a new round from Kleiner Perkins Caufield & Byers and existing investors. (Kleiner partner John Doerr recently said that his firm was wrong to turn Twitter down in its early days). And Twitter has two new board members — Mike McCue, former CEO of Microsoft-acquired TellMe and currently CEO of Flipboard, and David Rosenblatt, former CEO of Google-acquired DoubleClick. (The post doesn’t mention funding amount or valuation.)
To read the full, original article click on this link: With Kleiner funding, Twitter’s valuation climbs to $3.7 billion | VentureBeat
Author: Anthony Ha
