Twitter is set to secure a $1bn (€682m) valuation from investors before it earns its first substantial revenues after the micro-blogging site raised $100m in new funding.
Insight Equity Partners, the New York venture capital firm, is leading a consortium of new and existing investors in the fast-growing communications network, according to a person close to Twitter. The website allows more than 30m members to post 140-character updates on the web or by mobile phone.
The fundraising will be Twitter's second this year and comes after substantial interest from institutions, and larger media, internet and telecoms companies.
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