Twitter co-founder Evan Williams' Medium raises $25 million with eye on expansion

Part blogging platform, part online magazine, Medium, has just received a huge shot in the arm. The company, founded by Twitter’s Evan Williams has closed a $25 million round of financing. The year-old company seems to have big plans to add a new zing to its services with the money.According to a report in Re/code, Medium plans to use the money it has raised in the venture capital for essential uses like buying a bigger office, hiring new people and scaling its infrastructure. The site launched in the beta mode back in August 2012 and this happens to be the first outside investment for Medium. Among the parties involved, Google Ventures and Greylock Partners are noticeably some big names that are involved in the capiral round. Greylock, in the past, has invested in companies like Facebook, LinkedIn and Tumblr. Up until now, Williams’ own incubator service, The Obvious Corporation, had invested in Medium. Despite Williams becoming a billionaire last year when Twitter went public, the company has opted for outside funding this time around. “At the outset, Obvious — the operating portion of which turned into Medium — was funded by Biz Stone, Jason Goldman, and me. Since then, I’ve continued to fund Medium primarily myself. As an investor, I’d be happy to continue to do so. As CEO, my aim is to maximize Medium’s chances for success. Expanding our network and having partners to lean on is a useful way to do that,” he wrote in a blog post, explaining his stance. Medium is essentially a service midway between a blogging and a micro-blogging platform, and something that fits right into Williams’ scheme of things, given his interest in the area. He has earlier been a part of Blogger, one of the most widely used blogging platforms on the web, as well as Twitter. With this new funding round, Medium could well fill the gap between blogging and tweeting, but all in good time.