Tumblr Raises Funding From Sequoia and Hires Director of Product Derek Gottfrid
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Tumblr, the trendy blogging platform, has raised a large round of funding from Sequoia Capital. Roelof Both of Sequoia will be joining the board of directors as Tumblr as a result of the funding. This past April Tumblr raised $5 million from Spark Capital and Union Square Ventures.
Tumblr also hired Derek Gottfrid as their Director of Product. Gottfrid is quitting The New York Times after 12 years. Before Sequoia, Tumblr had raised a total of $10 million.