Twitter finally cleared all silent whispers regarding the $15 Million funding. Still not confirmed but according to the rumors, Boston based Spark Capital is the new lead investor in this funding. Existing investor Union Square Ventures also participated in the funding. This new funding will bring Twitter’s valuation to about $80 million.
This funding is timely as Twitter is clearly experiencing a growth spurt in users with constant server outages. The interesting trend to watch will be the advertising standard that will be used in micro-blogging services like Twitter.