Tumblr´s $4,5M round, thank God for VCs at this time

I’m very glad to report Tumblr, a company in which I was an early investor, has closed a new round of financing from two leading VC firms, Union Square Ventures and Spark Capital. Congratulations to David and all the team at Tumblr for getting funded with markets in such adverse conditions, a further validation of Tumblr’s value and great potential. Tumblr’s service, a social publishing platform and social network with a focus on content sharing, simplicity and great design, has recorded exceptional performance this year, serving more then 15 million monthly uniques and around 500k publishers. Next year the company will roll out a premium service and further attract external developers on their platform to extend its features.