Tumblr Raises $85 Million Round From Richard Branson, VCs

Blogging community operator Tumblr has raised $85 million in new funding from Greylock Partners, Insight Venture Partners, the Chernin Group, Spark Capital, Union Square Ventures and Sequoia Capital. Richard Branson also participated in the round. The news was broken moments ago by the NYT's Jenna Wortham, who writes that the company will announce the financing later today.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/JKRHSES8cyY/

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