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"It\u2019s official: Tumblr has raised $30 million, confirming reports that surfaced last month indicating that the quickly growing lightweight blogging service had taken significant funding.The SEC filing lists a variety of participants in the round, including Sequoia Capital, Union Square Ventures and Spark Capital.  \nSpark and Union Square were both early investors in Tumblr and have participated in several rounds of the company\u2019s funding.  Sequoia \u2014 a backer of some of the web\u2019s most iconic companies including Google and Yahoo \u2014 is a new investor.\nThe funding represents yet another big recent investment in the social media and online publishing space.  On Wednesday, Twitter announced a major round of funding rumored to be in the $200 million range.  Back in July, blog and web publishing platform Squarespace raised nearly $39 million.   \nFor Tumblr, the funding win is good news in what\u2019s been a shaky couple weeks, marked by significant downtime and reliability issues with its service.  \n[via TechCrunch]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2010/12/17/tumblr-funding-4/>