New York – Tumblr, the operator of a simplified blogging
platform, has raised a "very big and competitive" new round of
financing led by Sequoia Capital, Business Insider reported, citing sources.
New York-based Tumblr recently passed one billion posts on its platform
contributed by its 9.7 million users.
The company most recently raised a $5
million third round of funding in April.
Related Links:
http://www.businessinsider.com/tumblr-sequoia-funding-2010-11
