All the sessions from Transform 2021 are available on-demand now. Watch now.


david-karpTumblr, a New York startup that offers easy-to-use publishing and social networking tools for bloggers, has raised a “very big and competitive” round of funding from famed venture capital firm Sequoia Capital, according to a report in Business Insider.

The company’s network of blogs seems to have taken off in the past year, as you can see from the Quantcast chart below. Tumblr also appears to have solidified its lead against West Coast rival Posterous, and even though it hasn’t caught up with more-established blog platform WordPress, it’s growing more quickly.

The company, founded by David Karp (pictured), and has already raised more than $10 million from New York-based Union Square Ventures and Boston-based Spark Capital, so a Sequoia investment would mark its first Silicon Valley backing.

Neither Sequoia nor Tumblr responded to my email requesting comment.
tumblr quantcast

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