Thursday, October 23, 2008

LinkedIn raises another $22.7 million | News - Digital Media - CNET News

Apparently the social networking bubble hasn’t burst yet

LinkedIn announced Wednesday that it has raised an additional $22.7 million in funding, giving the business-networking site a little cushion in difficult economic times.

The strategic investment, from Goldman Sachs, SAP, and McGraw-Hill, as well as longtime investor Bessemer Venture Partners, comes on the heels of a $53 million Series D funding round in June that gave LinkedIn a valuation of $1 billion. The latest funding round brings the total funds raised to just more than $100 million.

LinkedIn raises another $22.7 million | News - Digital Media - CNET News

Post a Comment