Twitter Inc. did in fact raise almost all of a $100 million targeted round of capital, according to a filing the company made with the U.S. Securities and Exchange Commission.
The super hot microblogging service sold $98.2 million worth of stock to 22 investors, leaving $1.8 million left to sell, according to the Form D filing signed by CEO and President Evan Williams on Oct. 8. Twitter has confirmed that mutual fund giant T. Rowe Price and private-equity firm Insight Venture Partners participated in the round, but has not commented on the amount raised or reports that round valued the company at $1.
The company raised $35 million earlier this year in a round led by Menlo Park firms Benchmark Capital and Institutional Venture Partners.
The super hot microblogging service sold $98.2 million worth of stock to 22 investors, leaving $1.8 million left to sell, according to the Form D filing signed by CEO and President Evan Williams on Oct. 8. Twitter has confirmed that mutual fund giant T. Rowe Price and private-equity firm Insight Venture Partners participated in the round, but has not commented on the amount raised or reports that round valued the company at $1.
The company raised $35 million earlier this year in a round led by Menlo Park firms Benchmark Capital and Institutional Venture Partners.
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