Report: Twitter close to another round at $1 billion valuation
Twitter is closing in on another round, valuing the company at around $1 billion.
CEO Evan Williams recently told employees about the fundraising at an all-hands meeting, TechCrunch reported. The startup last raised $35 million in February from Institutional Venture Partners and Benchmark Capital, making a total of $55 million in investments.
The company and its investors didn’t immediately return calls for comment.
Next Story: Venture capital still a big deal for the US economy, study says
Previous Story: Looking for more experts for our “Conversations on Innovation” series
About the Author, Kim-Mai Cutler
Kim-Mai was born and raised a stone's throw from Apple headquarters in Cupertino by a devout Hewlett-Packard family. After attending UC Berkeley, Kim-Mai worked for Bloomberg, The Wall Street Journal and Dow Jones Newswires in New York, Los Angeles, London and Buenos Aires. Follow her on Twitter at @kimmaicutler, and follow VentureBeat on Twitter at @venturebeat.