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By Writer Ryan Lawler of TechCrunch
Secret-sharing app Whisper has closed a new round of funding, bringing in $21 million at a $75 million to $100 million post money valuation. The round, as originally reported by Om Malik, was led by Sequoia Capital, with existing investor Lightspeed Ventures participating.
With the financing, Sequoia Partner Roelof Botha is also joining Whisper’s board. Malik had originally reported a few weeks ago that the startup was raising from Sequoia, at a $100 million valuation, but our sources tell us the valuation could be slightly lower, in the $75 million to $100 million range.
Update: A source tells us that Whisper sold $15 million in a primary sale with a $60 million pre- and $75 million post-money valuation, while founders and early investors sold off an additional $6 million in a secondary offering. According to this information, the combined stock sales brought the total to $21 million.
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