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Jun
17

LinkedIn Closes Its Round; Got That Billion Dollar Valuation

Posted by Mark Hendrickson in BLOGROLL, CREATIVITY, MEDIA, MOBILE

LinkedIn has raised $53 million from Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Ventures. The investment values the business social network at just over $1 billion.

We reported in early May that Allen & Co was out trying to pitch LinkedIn at that valuation. It turns out the company was not actually working with any bank to get this deal, but it still got a 10-figure valuation anyway.

As part of the deal, Jeff Glass of Bain Capital Ventures - the newcomer to LinkedIn’s investor list - will join the board.

The additional $53 million is on top of $27 million raised over three previous rounds and brings LinkedIn’s total funding to $80 million. In contrast, Facebook has raised almost $500 million, and more direct competitors Doostang and Visible Path have raised $4.5 million and $24.7 million respectively.

Several of LinkedIn’s investors are shown in a video below discussing this investment and the company’s prospects:

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VIA @ [ TechCrunch ] - 1 Views


This entry was posted on Tuesday, June 17th, 2008 at 8:38 pm and is filed under BLOGROLL, CREATIVITY, MEDIA, MOBILE. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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