Confirmed: Tumblr Raises $25 Million

Friday, 17 December 2010 23:47

Confirmed: Tumblr Raises $25 Million

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For the past several weeks there’s been reports of blogging platform Tumblr raising a boatload of money. That was confirmed today in an a SEC filing with numbers on the

round. $25 million to be exact. According to the filing it looks like Spark Capital, Sequoia, Union Square Ventures and Next New Network’s Fred Seibert participated in the round.

Founder David Karp will have plenty of things to spend the money on, Tumblr just opened a new office in New York Cityand hired another four people to bring the total up to 16 people now. David Karp recently told TechCrunch that he plans on expanding the company to 20 employees before the end of the year.

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