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.

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