Monday, May 21, 2012

CrunchFund Buys Tumblr Stake

CrunchFund, the venture capital fund run by former TechCrunch founder Michael Arrington, has acquired a stake in New York microblogging site Tumblr. Size of the stake, which apparently was acquired from early stage investors, was not disclosed. The deal was first unveiled at TechCrunch Disrupt by former journalist-turned-VC MG Siegler.