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Tumblr To Raise $100M In VC

New York-based blogging service Tumblr is set to raise between $75 million and $100 million in venture capital.

New York-based blogging service Tumblr is set to raise between $75 million and $100 million in venture capital, The Wall Street Journal reports. Greylock Partners, an investor in Facebook and Groupon, is participating.

The new investment will value the company at $800 million. In December, the company raised $30 million from Sequoia Capital, Spark Capital and Union Square Ventures in an investment that valued the company at $120 million.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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