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The Smoke Has Cleared: Twitter Now Worth $3.7 Billion, Gets $200 Million And Two New Board Members

December 15th, 2010 12:59 admin Leave a comment Go to comments

The Twitter bidding wars have finally ended, AllThingsD’s Kara Swisher reports that microblogging service Twitter has added another $200 million to its coffers and a $3.7 billion dollar valuation in a funding round led by Kleiner Perkins, as we also previously reported. Along with more money, Twitter has added two new members to its board, Flipboard’s Mike McCue and DoubleClick’s David Rosenblatt, it confirmed in a blog post it humorously headlined “Stocking Stuffer.” Twitter also confirmed the $200 million number in an email sent to TechCrunch earlier.

This lastest coffer dump brings the company’s total funding to about $360 million. Other investors in the round included Benchmark Capital, Union Square Ventures and Spark Capital.  As Twitter has recently revamped their business and ad strategy, it remains to be seen what will be done with this latest windfall.

Source: The Smoke Has Cleared: Twitter Now Worth $3.7 Billion, Gets $200 Million And Two New Board Members

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