Tech news from around the web:
Blogging service Tumblr is set to raise $75m-$100m in venture capital, The Wall Street Journal reports. The fundraising, which is said to include Facebook and Groupon investor Gerylock Capital, is expected to value the company at $800m.
Friday, August 26, 2011
Tumblr said to reach $800m valuation | FT Tech Hub | FTtechhub - Industry analysis – FT.com: