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Twitter Raises $15 Million in Funding?

May 22 at 6:06am by

GigaOM has some slightly vague, but still convincing news confirming the recent rumor of Twitter’s new VC funding round. Details aren’t all fleshed out yet, but it seems that the existing investor, Union Square Ventures, has joined forces with a new investor, and that Twitter has raised $15 million in funding at an $80 million valuation. Together with their first round of founding, this would bring the total to 20 million dollars.

Jokes about Twitter constantly being down are getting old, but yes, we all hope that this money will be used to secure the oh so necessary stability of the service. While it’s up, feel free to follow the Mashable team on Twitter:

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Twitter Raises $15 Million in Funding?