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Twitter co-founders Evan Williams and Jack Dorsey
Evan Williams, left, and Jack Dorsey: 'confident'
Evan Williams, left, and Jack Dorsey: 'confident'

Twitter confirms 'significant' new investment

This article is more than 14 years old

Twitter today confirmed reports of a fresh $100m investment in the company, by announcing that it has closed what it called a "significant round" of funding.

In a post on the company's blog, co-founder and chief executive Evan Williams said that the three-year-old internet startup had received a new injection of money from four investors - though he did not confirm the size of the deal.

"It was important to us that we find investment partners who share our vision for building a company of enduring value," he said. "I'm proud of the team we've built so far and I'm confident in the future we'll build together."

It heralds the latest march forward for the highly-regarded startup, which now has more than 30m users worldwide using its service to send each other short messages through the web and their mobile phones.

The site's growth has been boosted by celebrity users including Britney Spears and Ellen DeGeneres, as well as many prominent British figures such as musician Lily Allen and the prime minister's wife, Sarah Brown. as it attempts to find a business model that it hopes will propel it to profitability.

The company has now raised $155m over the course of four investment rounds, and has said that it plans to start rolling out money-making services in the coming months - including commercial accounts for businesses and brands - as well as saying it wanted to "leave the door open" on advertising opportunities.

It recently brought in a new chief operating officer, hiring former Google executive Dick Costolo earlier this month, as it attempts to expand even further and make its service more widely available. Costolo had been with the internet giant for two years, since selling his own startup, FeedBurner, to Google in 2007 for a reported $100m.

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