The Wall Street Journal is reporting that Twitter is on the edge of raising another $100 million in VC from around seven investors. Just last week the scuttlebutt was that this round was going to be in the range of $50 million but hey, what’s an extra $50 million amongst friends, right?
Twitter, the messaging web site that has become an Internet sensation, is nearing a deal to close as much as $100 million of new funding from as many as seven investors, according to people familiar with the deal.
The investor group includes mutual fund giant T. Rowe Price and private-equity firm Insight Venture Partners, which are new investors to Twitter. The $100 million investment is about twice as much as Twitter was reportedly expected to haul in this latest round of fund-raising.