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FinanceTerm Sheet

Whisper raises $35 million from Tencent, others

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 19, 2014, 11:03 AM ET
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FORTUNE — Mobile anonymous sharing app Whisper today confirmed that it has raised $35 million in its third round of venture capital funding.

China’s Tencent, Shasta Ventures and Thrive Capital came aboard as new investors, while return backers included Sequoia Capital and Lightspeed Venture Partners.

Whisper also announced its third product update, which includes enhanced search and category functions.

The company previously had raised $24 million since being founded in early 2013. Newer rival Secret has raised over $11 million from such firms as Kleiner Perkins and Google Ventures.

RELATED:

  • Does Whisper’s Michael Heyward know how you really feel?
  • What’s the difference between Whisper and Secret?

 

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