LW_0105_p12_CCVill_BWPD.inddWhen Twitter announced its latest round of funding on Friday, it oddly left out one investor: Morgan Stanley.

The investment bank put less than $10 million into the financing round that reportedly valued the company at $1 billion, according to The Wall Street Journal. (Twitter later added the investment bank’s name to the roster of investors in its blog post).

Guess this means Morgan Stanley didn’t put too much stock in the “Teens don’t tweet” report its research department released earlier this summer.

As Twitter pulls together larger fundraising rounds, it’s attracting more established names like Morgan Stanley and T. Rowe Price, known for managing retirement funds. That’s also cutting out earlier backers like New York-based Union Square Ventures and Charles River Ventures, who either can’t stomach a round of up to $100 million or balked at Twitter’s eye-popping, 10-figure valuation level.

You can follow VentureBeat on Twitter, along with VentureBeat writers Matt Marshall, Dean Takahashi, Anthony Ha, Camille Ricketts, Paul Boutin, Kim-Mai Cutler, and Matthaus Krzykowski.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member