Russian technology investment firm DST Global is seeking to lead the funding round, which would be larger than the $100 million that Twitter raised in September 2009, according to a report on Wednesday on the blog TechCrunch. The report said that other investors are also eager to be involved.
Microblogging service Twitter is considering raising funding that would value the company at $3 billion, according to a popular technology blog.
San Francisco-based Twitter has 175 million users and is one of the most popular Internet social networking services. The company, which allows its users to broadcast short, 140-character messages, or Tweets, to groups of “followers,” has only recently started efforts to generate revenue through special ads that appear in certain parts of its service.
Last year Twitter raised $100 million, valuing the company at $1 billion, from investors including Insight Venture Partners, Spark Capital and mutual fund giant T. Rowe Price.