Tumblr, a New York startup that offers easy-to-use publishing and social networking tools for bloggers, has raised a a4Avery big and competitivea4 round of funding from famed venture capital firm Sequoia Capital, according to a report in Business Insider.
The company&'s network of blogs seems to have taken off in the past year, as you can see from the Quantcast chart below. Tumblr also appears to have solidified its lead against West Coast rival Posterous, and even though it hasna4a4t caught up with more-established blog platform WordPress, ita4a4s growing more quickly.
The company, founded by David Karp (pictured), and has already raised more than $10 million from New York-based Union Square Ventures and Boston-based Spark Capital, so a Sequoia investment would mark its first Silicon Valley backing.
Neither Sequoia nor Tumblr responded to my email requesting comment.
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Companies: Sequoia Capital, Tumblr
People: David Karp
Companies: Sequoia Capital, Tumblr
People: David Karp
Anthony is VentureBeat's assistant editor, as well as its reporter on media, advertising, and social networks. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
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