Online Scapbook Service Tumblr Raises $750k First Round

New York-based Tumblr, the maker of an online scrapbook sharing service, has raised a $750,000 first round form Spark Capital and Union Square Ventures, reports PE Hub. The service is basically a blogging platform, although it’s specifically designed for quick-hit posts that require little effort. The service has drawn some comparisons to Twitter, also a USV company.