Tumblr Raises $30 Million In Series D

Tumblr, the blog platform based in New York City, that is known to be used by hipsters has raised $30 million in Series D funding. Tumblr now has more in funding than one of their biggest rivals, Automattic, the parent company of open source blog platform WordPress. Tumblr’s $30 million Series D funding was invested by Spark Capital, Union Square Ventures, and Sequoia Capital: Sequoia put in $20 million, Union Square put in $5 million, and Spark Capital put in $5 million. Rumor has it that Tumblr now has a valuation of $155 million. [ReadWriteWeb]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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