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Blogging service Tumblr raises $30 million

Published on .

New York—Blogging services company Tumblr Inc. has raised $30 million in a new round of funding. The company, which gained initial financing last spring, now has raised $40 million in venture capital underwriting.

The new financing was led by Sequoia Capital, of Menlo Park, Calif., joining existing underwriters Spark Capital and Union Square Ventures.

The company said it plans to dramatically enlarge its engineering team and open another data center to increase capacity. The company currently hosts 11 million blogs, more than double the total when it raised $10 million in initial funding last April.

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