Tumblr closes $85 million investment round

Fast-growing blogging platform Tumblr has closed an investment round that attracted new venture capitalists and brought in $85 million.

The investment round was led by Greylock Partners and Insight Venture Partners. The Chernin Group and Richard Branson also invested in the New York blogging company for the first time. Spark Capital, Union Square Ventures and Sequoia Capital also made new investments — via redwolf.newsvine.com