DealTracker – LinkedIn Raises Another $22.7 Million
In a follow up to the Series D funding of $53 million raised by LinkedIn earlier on in June 2008 which valued the company at $1billion, this round of funding of $22.7 billion brings in Goldman Sachs, The McGraw-Hill Companies, and SAP ventures to LinkedIn and includes a re-investment by Bessemer Venture Partners.
Probably the first one to focus on professional networking, LinkedIn has over 30 million professionals trying to catch up. This also has to be among the very few social networks with a proper business model, and in fact, has been profitable since 2006.
In an interview with WSJ, Dan Nye, LinkedIn’s chief executive, says the company wants to “have the strongest balance sheet possible” to make acquisitions, among other moves
Must reads:
Social Networks Turn To Business
LinkedIn To Enter India – Looking For Partners
DealTracker – LinkedIn Raises $53 Mn Valued At $1 Billion
Linkedin – Getting Its Place In The Sun
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Linkedin was added to the About.com Top 10 Employment site list with 2 other sites but linkedin is still the only social netwoking site on the list. The 3 newest job sites are:
http://www.linkedin.com (networking)
http://www.indeed.com (aggregated job listings)
http://www.realmatch.com (matches you to the perfect job)
Good luck to all those searching for jobs.