Social blogging platform impressed the part of the world that is impressed by tech financing with an eye-opening $85 million in fresh capital. As The New York Times Bits blog reported, Tumblr received fresh financing to the tune of $85 million from a slew of investors. Which, The Times says, will add to their currently $40 million in prior funding. TechCrunch has more from the press release, which touts a lot of impressive growth statistics.
Read the full story at The Atlantic Wire.