Twitter valued at $250 million (by IVP?)

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Twitter valued at $250 million (by IVP?)

San Francisco (CA) – TechCrunch is reporting that having recently turned down a $500 million acquisition offer from Facebook, Twitter has now been valued at $250M by at least one venture capital fund (possibly Institutional Venture Partners). As a result, Twitter is looking to raise additional funds in excess of the $20 million previously raised.

According to TechCrunch, Twitter had to go through a few venture capital firms before they received a “yes” valuation at $250 million. TechCrunch believes this could be due to Twitter’s recent significant growth and additional future potential for continued growth, rather than an outright true current valuation at that level.

See TechCrunch.

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