Investors Pour $200M into Twitter

Twitter has collected another $200 million in financing, more than doubling its venture pot, according to a blog post yesterday from CEO Dick Costolo. New investor Kleiner Perkins Caufield & Byers led the large round, which was joined by existing investors. Costolo also said that Mike McCue, CEO of Kleiner Perkins portfolio company Flipboard, and Doubleclick CEO David Rosenblatt have joined Twitter’s board. In previous funding rounds Twitter had raised $160 million from Insight Venture Partners, Institutional Venture Partners, Spark Capital, T. Rowe Price, and other investors. Union Square Ventures, an early investor, did not join the round. According to numerous media reports (such as this one from Reuters), Twitter’s valuation in the new round was pegged at $3.7 billion.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/