Tumblr Hits 40 Million Posts Per Day And $85 Million In Funding
Other tech companies would do well to take a page from Tumblr’s book, because these days, the micro-blogging giant seems incapable of doing any wrong.
Fresh off news that Tumblr successfully managed to procure another round of venture capital funding, the popular blogging website is reporting massive growth in terms of unique visitors and page views. According to a Tumblr press release, the company managed to raise $85 million in funding from a number of VCs. Key among the list of investors were Greylock Partners, Insight Venture Partners and Sir Richard Branson—in all, a total of seven VCs participated in the funding round.
It’s not clear what Tumblr will do with this new round of funding, but judging by its traffic stats, it may not need to spend too much of it. Tumblr is reporting an increase in page views from 2 billion a month, to a whopping 13 billion. On top of that, the Tumblr platform has a total of 30 million blogs—all of which generate over 40 million blog posts every single day. Throw in 13.4 million unique visitors for the month of July 2011 (uniques as recorded by ComScore) and you’ve got a blogging platform that is on the rise. Tumblr has no real competition outside of WordPress, so it’s conceivable that this level of growth will continue for the next few years at least.
Is Tumblr a serious threat to the dominance of WordPress? Share your thoughts with us in the comments below.
(Source: sitetrail.com)
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