Twitter gets a Significant Round of Funding from Venture Firm DST Global

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Twitter gets a significant round of funding from the venture firm DST Global, which has invested in Facebook, Zynga and Groupon and other companies. “Now, there are more than one million that connect to Twitter. And our team has grown from 250 people to more than 600 in the past 12 months. We’ve come very far in a short time. Now we have an opportunity to expand Twitter’s reach with a significant round of funding led by DST Global, with the participation of several of our existing investors”, Twitter wrote on its blog yesterday.

There is no official word from Twitter on the exact amount raised; however, AllThingsD reports that the deal is close to $800 million. If these rumors are true then it would put Twitter, at an $8 billion valuation. The microblogging site also added that it will use the resources to innovate, hire more people and invest in international expansion.

Twitter also opened a new office in New York recently, according to AllThingsD. Twitter Culture head Elizabeth Weil (@Elizabeth) apparently tweeted about the new office in NYC.  She posted pictures of “Welcome to #TwitterNYC” chalkboard, TwitterNYC’s security system, and that of  Twitter’s trademark coffee mugs.

Later, @TwitterGlobalPR  confirmed about the new office. Twitter would be joining other tech biggies like Facebook, Google, Spotify, Apple and others in this new location.

Image Source: http://one-giant-step.com/twitter-travel-tips-simple-syntax/

 

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