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Highly Likely Rumor: Twitter Closes Third Round Of Financing From Spark Capital
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Posted on
May 22 2008 8:04 AM
by
adeal
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Twitter has closed their third round of financing, says Om Malik. He pegs it at a $15 million raise at around an $80 million valuation, but doesn’t know the investor. We (and others I’m sure) have been tracking the same story, and it’s pretty clear the new investor is Spark Capital. A source says Twitter signed a term sheet with Spark Capital a couple of weeks ago, and Spark partner Bijan Sabet was in San Francisco today visiting “a very special company.” Other hints on Twitter: cofounder Evan Williams remarked that he was walking down Newberry Street in Boston late last month - my guess is he walked right into the building at 137.
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