According to a recent report on the website TechCrunch, Twitter is looking to raise more money and moreover, it seems that the company may have even signed a contract with Institutional Venture Partners (IVP) these days. Following the agreement with IVP, the social networking service company gained about $250 in valuation.

The news apparently contradicts Evan William’s statements according to which Twitter is not currently interested in money raising, at least this year. However, there is more about Twitter than the statements of its CEO and co-founder, as companies these days are not keen to invest their capital in other people’s business, given the fact that the economic depression that has started to hit the U.S. last fall has already put investors under pressure.

Therefore, it is easy to imagine that, even though Twitter hasn’t been looking for VC’s recently, their team of executives have certainly been busy developing revenue predictions for the following period and further development of their web-based service.

The source cited by the TechCrunch report, which is allegedly “close” to the deal, pointed out that the new investment plan supported by IVP may bring over $20 million in liquidities to Twitter. The minimalistic approach that Twitter features made the company grow at an impressive rate for the past few months. The web-based service has an impressive number of users, turning it into one of the most popular means of web communications at the moment.