Twitter, the fast-growing microblogging service, raised new financing from Benchmark Capital and Institutional Venture Partners, Twitter founder Biz Stone said on the company’s blog.
Various sources are pegging the round at $35 million.
Stone said the company’s active users have increased 900 percent in a year, and that the capital injection would enable Twitter to support its rapid growth and build revenue-generating products. There has been a lot of speculation about how the service will eventually make money, but so far the company has declined to comment on exactly what it will do.