PaidContent confirms rumors about additional funding for micro-blogging site Twitter. Spark Capital is behind the $15 million third round of financing placing Twitter at roughly $80 Million in valuation. Spark Capital is a fresh VC firm in Boston founded by Todd Darges who I had the pleasure of meeting when he worked at Battery Ventures.
The funding is timely as Twitter is clearly experiencing a growth spurt in users with constant server outages of late. The interesting trend to watch will be the advertising standard that will be used in micro-blogging services like Twitter. I mean…if Twitter is worth $80 Million it should at least make money right?