About a year ago, Twitter and Blogger co-founder Evan Williams launched a new startup called Medium. The idea was simple: create a platform that's a mix between the 140-character social network and the blogging platform that caters to anyone who has something to say. Now, this publishing tool is about to go through a growth spurt.
With the funding, Medium is also getting two new board members -- David Sze and Josh Elman -- who are general partners at Greylock Partners.
The money is said to be going toward paying for more office space in San Francisco, hiring, and infrastructure scaling. Before this round of funding, Williams was the primary investor behind Medium via an incubator he co-founded called The Obvious Corporation. Williams became a billionaire during Twitter's initial public offering last November.