Home Twitter, Now With 125% More Venture Capital

Twitter, Now With 125% More Venture Capital

Twitter has raised an additional $200 million in venture capital, primarily from famous VC firm Kleiner Perkins, Kara Swisher reports in a big AllThingsD scoop today.

125% more than all previous rounds of investment in Twitter combined, this brings company’s total financing to $360 million. What on earth will it do with all that money? It will attempt to become the communications platform it has always wanted to be. That will probably mean acquisitions, it will probably mean a lot more sales people and advertising and it definitely means that if anyone is going to acquire Twitter, it will need to be for multiple billions of dollars. More likely the company will file to go public on the stock market.

Along with the money, Twitter will now also add some new members to its Board of Directors: Flipboard’s Mike McCue and former DoubleClick head David Rosenblatt. As Swisher explains, “

Currie has deep financial and IPO experience, McCue is a well-connected and innovative entrepreneur and Rosenblatt brings much needed online advertising heft.”

Minutes after Swisher posted, the Twitter company blog made a formal announcement. That post included some other numbers: Twitter says it added 100 million new users this year and grew its staff from 130 to 350 people.

It’s no co-incidence that this giant round of funding has been announced within weeks of Twitter’s having promoted business-oriented Dick Costolo to CEO, announced the commercial availability of its user data and unveiled the beginnings of a wide open advertising platform. The company is also rumored (though they deny it) to be opening an office in New York City, advertising capital of the world.

Get ready to see what Twitter looks like with a well-heeled foot on the gas.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Sophie Atkinson
Tech Journalist

Sophie Atkinson is a UK-based journalist and content writer, as well as a founder of a content agency which focuses on storytelling through social media marketing. She kicked off her career with a Print Futures Award which champions young talent working in print, paper and publishing. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC. Now, with five years experience in journalism and many more in content marketing, Sophie works as a freelance writer and marketer. Her areas of specialty span a wide range, including technology, business,…

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.