Blogging community operator Tumblr has raised $85 million in new funding from Greylock Partners, Insight Venture Partners, the Chernin Group, Spark Capital, Union Square Ventures and Sequoia Capital. Richard Branson also participated in the round.
The news was broken moments ago by the NYT’s Jenna Wortham, who writes that the company will announce the financing later today.
The round brings Tumblr’s total of capital raised to over $125 million. The valuation of the company in its latest financing round was not disclosed.
Business Insider pegged the valuation at ‘$800 million+’ last August.
The funding comes at a time when Tumblr is experiencing massive growth across the board. Tumblr founder and CEO David Karp told us last June that the service recently hit 400 million pageviews in a single day (which comes down to roughly 5,000 pageviews a second).
According to Wortham, 30 million blogs have been created using…
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