Tumblr Raises $85M in Funding
NYC-based blogging service Tumblr has raised $85m in funding, multiple sources said.
Investors include Greylock Partners, Insight Venture Partners, Chernin Group, Sir Richard Branson, as well as existing backers Sequoia Capital, Spark Capital, and Union Square Ventures.
Founded in 2007 by David Karp and led by President John Maloney, Tumblr today employs more than 50 people and is currently hiring (http://www.tumblr.com/jobs).
The company already raised $25m in funding in december 2010 (read here).