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Thu, Aug 25 2011 Tumblr close to raising up to $100 million: report Tweet Share this Email Print Related News Talent agency CAA mulls Silicon Valley office Wed, Aug 24 2011 Groupon IPO dented by market, new numbers Wed, Aug 10 2011 UPDATE 6-Capital One bulks up U.S. cards with HSBC deal Wed, Aug 10 2011 Analysis & Opinion 7 business mistakes you ought to avoid Families taking bottom-line approach to college: Sallie Mae Related Topics Technology » Deals » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Thu Aug 25, 2011 9:41pm EDT (Reuters) - The blogging service Tumblr is close to raising $75-$100 million in venture capital, implying a market value of $800 million, the Wall Street Journal reported, citing people familiar with the matter. Greylock Partners, whose portfolio companies include daily deals company Groupon and bed-for-rent service Airbnb, was named as one of the big firms that is taking part in the deal, according to the report. Tumblr and Greylock could not be reached immediately for a comment on the report. In June, mobile location based start-up, Foursquare raised $50 million in a round of financing lead by venture capital firm Andreessen Horowitz. Tumblr counts Spark Capital, Union Square Ventures, and Sequoia Capital, among its existing investors, according to its website. (Reporting by Saqib Iqbal Ahmed in Bangalore; editing by Carol Bishopric) Technology Deals Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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