Taking Outside Investment For First Time, Medium Raises $25 Million

Greylock Partners will add two general partners to Medium's board.

Medium, the publishing platform created by Twitter cofounders Evan Williams and Biz Stone, has closed a $25 million round, the first time it's raised financing from outside investors.

Recode is reporting that Greylock Partners led the round--which included Google Ventures and Ron Conway, among others--and that general partners David Sze and Josh Elman will join the board. Before closing the financing, Medium was funded by Williams and Stone's umbrella organization The Obvious Corporation.

[Image: Flickr user Man Alive!]

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