Twitter closes massive funding round

Sep 08, 2011

Late last month, All Things D reported that Twitter’s recent $800 million funding round was actually two funding rounds: A $400 million direct investment led by DST (already closed), and a $400 million secondary offering for existing Twitter shareholders (in process). Both were at a valuation in excess of $8 billion.

A source familiar with the situation tells me that the above breakdown is accurate, and that the secondary piece has now closed. Some early investors, like Spark Capital and Union Square Ventures, took advantage of the ability to swap in (some of their) shares. Some later-stage investors, like Benchmark Capital and Insight Venture Partners, did not...

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions