New investors include mutual fund titan T. Rowe Price and private equity firm Insight Venture Partners. The round, as reported earlier, values Twitter at $1 billion, and is expected to close today.
Twitter famously has no significant revenue but plenty of growth and buzz.
And when you can raise money at this kind of valuation, you do it. The company’s last round gave Twitter a roughly $225 million valuation.
Business Insider Emails & Alerts
Site highlights each day to your inbox.