Twitter shares create froth among venture capitalists

LONDON - Demand for shares in Twitter is so great that the micro-blogging service has doubled the amount available, raising $100m (拢62.5m) in new funding.

It was from the current round of fundraising from venture capitalists.

However, Twitter has surpassed expectations, with Insight Venture Partners, the New York venture capital firm, leading a consortium of new and existing investors, according to a report in The Wall Street Journal.

Other new investors include T Rowe Price, a fund manager. Existing backers, Spark Capital and Institutional Venture Partners, are also taking part.

The new round will bring Twitter's total funding to $155m, a staggering amount of money given that it has little revenues.

This week, one of Twitter's investors suggested its .

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