Tumblr Gets $85M From Greylock, Insight Venture, Others

Law360, New York (September 26, 2011, 4:25 PM EDT) -- Explosively growing short-form blogging site Tumblr said Monday it had closed a new investment round of $85 million from a group of venture capital firms including Greylock Partners and Insight Venture Partners. 

The round was led by Greylock and Insight Venture, while the Chernin Group, Richard Branson, Spark Capital, Union Square Ventures and Sequoia Capital also contributed, the investors said.

"We knew Tumblr was big when we started talking with [founder] David [Karp] and [Tumblr President John Maloney] over the summer — over the last year...
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