The details are out on Tumblr's new round of funding, and they are pretty staggering: Tumblr's series C brought in $25-$30 million at a whopping $135 million valuation, Fortune's Dan Primack reports.

      That's a staggering amount of money -- Tumblr's series B brought in just $5 million, and was just seven months ago.

      It's not at all clear that Tumblr has a need for that kind of cash. But with traffic growing incredibly quickly, investors were fighting to get into the company.

      The company hasn't yet worked out any real revenue model. Then again, neither has Twitter, and that seems likely to work out pretty well for its investors.

Source from SFGate

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