Biz Stone e Jack Dorsey, co-fundadores do Twitter
Twitter has raised $35m (£24.5m) from venture capitalists.
The new funding, from Institutional Venture Partners and Benchmark Capital, comes despite the increasingly gloomy funding prognosis for small technology firms. The San-Francisco based internet company now boasts more than 55 million daily users. It has grown explosively – active users rose 900 per cent last year – and plans to use the new injection of cash to expand products and grow its team of 29 staff.
The new round of funding follows on from investments by Spark Capital and Amazon’s Jeff Bezos last June, and brings the total raised so far to more than $50m.
Benchmark partner Peter Fenton who will join the board says that they invested because they ‘absolutely love the team’. And he added: “As a business opportunity, it jumped out to us as having many potential revenue streams that support, and don’t undermine, its success.”
Twitter co-founder Biz Stone claims he wasn’t looking for financing. He says: “It is obvious that we have the world ahead of us.”
