Reports: Sequoia Leads Tumblr Round
Details continue to emerge about Tumblr‘s reported venture fundraising round. GigaOm first reported on October 27 that the New York-based blogging platform startup was raising money. BusinessInsider reported November 12 that Menlo Park, CA-based Sequoia Capital was leading the round and that Sequoia partner Roelof Botha would join Tumblr’s board, and on November 19 Fortune put the size of the round at $25 to $30 million, on a valuation of roughly $135 million, an estimate supported by AllThingsD. Tumblr has confirmed none of these details. Its site lists Spark Capital, Union Square Ventures, Betaworks, John Borthwick, Fred Seibert, Albert Wenger, and Martín Varsavsky as investors.