Twitter confirmed a “significant” new round of funding led by DST

After several weeks of rumors on Twitter’s blog , it was reported that he actually received “a significant round of funding led by venture capital firm DST Global and with the participation of several former investors.”

Today’s official announcement was preceded by a series of messages. In early July, the Wall Street Journal announced that Twitter is preparing to receive a new round in assessing its value at $ 7 billion. A day later, the New York Times announced that the company was in the process of closing a round of financing in the amount of $ 400 million, valuing the company at $ 8 billion, led by DST and with the participation of the former investor Kleiner Perkins.

On July 20, the AllThings D edition added that the size of the round will actually be $ 800 million, half of which will be distributed among employees and investors. According to "Techkrancha", this information is true.
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As they say in “Techcranche”, this became a distinctive feature of DST - previously the company acquired large stakes in Facebook, Zynga and Groupon, allowing employees to receive funds and reducing the internal IPO requirement in companies.

DST Global CEO Yuri Milner stated:

Twitter is one of the few companies that really changed the world. Twitter’s astounding growth is a testament to how important it becomes to more people every day, and why we couldn’t miss the chance to be a big part of its future.

Twitter did not confirm the amount of the round, but announced that it plans to use the resources obtained in order to “vigorously engage in innovation, hire more excellent people and invest in international expansion.” In addition, Twitter today announced the opening of an office in New York.

[via TechCrunch , Mashable ]