QUOTE
New funding values Twitter at $1bn
$50m injection will allow firm to work on revenue-generating products
Rosalie Marshall
V3.co.uk, 18 Sep 2009
Twitter has been valued at $1bn (£614m) after a new round of funding to the tune of $50m (£30m) announced by the micro-blogging site's chief executive, Evan Williams. The company is said to have raised $55m (£33m) to date, and to have around $30m (£18m) in cash.
Insight Venture Partners, a New York private equity firm, which has raised funds of $3bn, is thought to be the biggest investor in this latest round of funding, according to a report on TechCrunch.
However, while financial analysts have arrived at the $1bn price tag by extrapolating from the valuation of the funding Twitter achieved in February, a report in The Wall Street Journal quotes finance professor Anant Sundarem as saying that Twitter could be worth as much as $2.7bn (£1.6bn).
More:
http://www.v3.co.uk/v3/news/2249759/twitter-valued-1bn-7bn
$50m injection will allow firm to work on revenue-generating products
Rosalie Marshall
V3.co.uk, 18 Sep 2009
Twitter has been valued at $1bn (£614m) after a new round of funding to the tune of $50m (£30m) announced by the micro-blogging site's chief executive, Evan Williams. The company is said to have raised $55m (£33m) to date, and to have around $30m (£18m) in cash.
Insight Venture Partners, a New York private equity firm, which has raised funds of $3bn, is thought to be the biggest investor in this latest round of funding, according to a report on TechCrunch.
However, while financial analysts have arrived at the $1bn price tag by extrapolating from the valuation of the funding Twitter achieved in February, a report in The Wall Street Journal quotes finance professor Anant Sundarem as saying that Twitter could be worth as much as $2.7bn (£1.6bn).
More:
http://www.v3.co.uk/v3/news/2249759/twitter-valued-1bn-7bn