Ev Williams's Medium raised $57 million in September -- now it's raised another $50 million

You may have heard there’s a tech funding crunch, especially for companies that have yet to generate significant revenue.

Not for Medium: The publishing platform says it raised another $50 million — just a few months after it raised $57 million. Update: Investors valued the company at $600 million in the current round, said a person familiar with the financing.

This round was led by Spark Capital and includes previous investors Andreessen Horowitz and Google Ventures.

CEO Ev Williams, whose stake in Twitter has made him a billionaire, is also putting money into his own company.

If you follow this stuff closely, you will know that Spark Capital was an early investor in Twitter; this time the Spark investment was led by Kevin Thau, who worked with Williams at Twitter.

When Medium raised in September, investors said it was worth $400 million. Medium has now raised more than $130 million, but is just starting to embark on a push to make money.

Medium also added Andreessen Horowitz’s Ben Horowitz and internet pioneer Judy Estrin to its board. More on all of that here.

And here’s an interview I did with Williams last fall, where he laid out his general plan for Medium — and explained why he is building yet another publishing company:

This article originally appeared on Recode.net.

Will you join us?

Our biggest supporters are our readers — and we’re so grateful to everyone who has made a contribution during our September campaign. We’re less than 1,000 contributions away from reaching our goal for the month, which in turn will allow us to say yes more often when our incredible journalists come to us with questions they want to answer and projects they want to pursue. Will you make a contribution before the month ends and support our policy coverage through 2024 and beyond?

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via