Bezos-backed ChaCha, Twitter reportedly raising venture rounds |
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Bezos-backed ChaCha, Twitter reportedly raising venture rounds
Two startups backed by Amazon.com founder Jeff Bezos are reportedly raising new rounds of capital. TechCrunch reports that Twitter -- the popular microblogging service -- is raising a new round at a $250 million valuation. Meanwhile, PEHub.com -- citing a regulatory filing -- says that Indiana search startup ChaCha has raised $11 million of a $30 million round. Bezos invested in Twitter last summer through his Bezos Expeditions fund, while he got involved with ChaCha in early 2007.
It was unclear from the stories whether Bezos was involved in the new rounds.
If TechCrunch is on the mark with its $250 million valuation report for Twitter, that would be an impressive achievement in this climate.
UPDATE: VentureBeat confirms that the $30 million round at ChaCha has been completed.
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