Finally, Twitter closed $15MM round!
May 29, 2008
On May 22nd I reported that Twitter closed on a $15MM round at an $80MM pre-money valuation. According to PaidContent, they have ACTUALLY closed on the round. There have been lots of rumors that the technical problems the company has faced actually threw a wrench in the deal and caused the unexpected delay in closing. PaidContent has reported that Spark Capital is the lead investor and Union Square is participating once again. On a side note, I never really ‘got’ twitter before, but I have been spending quite a bit of time with the service and getting significant value from the experience.
