Medium, the blogging platform founded by Twitter co-founder Ev Williams, announced today that it has secured $25 million in its first outside funding round. The investment was led by Greylock Partners, according to VentureBeat.
Medium was made as a place on the Web where people can write and share their stories and ideas. The site uses a clean and simple design that allows people to focus more on writing and reading. Writers can ask for editing ideas from other community members. They can also group together different posts to form a collection, the report explained.
Williams said 2013 was a good year for Medium's growth and development. The proceeds from the funding round will be used to grow the network. The financing was led by Greylock Partners. Google Ventures, Gary Vaynerchuk, Chris Sacca, Ron Conway, Peter Chernin, and Tim O'Reilly also participated in the round, the report detailed.
This is the first outside funding for Medium. The platform was first invested in by Williams and Obvious co-founders Jason Goldman and Biz Stone. Williams said he was the one who funded the platform since, VentureBeat reported.
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