Twitter for businesses? StatusNet grabs another $1.4M

StatusNet, a microblogging service with similarities to Twitter but designed for businesses, today announced it secured a second round of funding for $1.4 million. The funding will be used to support and grow its sales team and continue targeting the world’s 1,000 largest businesses, it said in an announcement.

Ad-hating Tumblr founder raises $5 million

Blogging startup Tumblr, a service founded by David Karp that lets users publish short, simple blog posts, has secured a third round of funding for $5 million. The round, first reported by MediaMemo and confirmed to VentureBeat by Karp, was led by existing investors Spark Capital and Union Square Ventures.