SAP, Goldman Sachs, Bessemer Venture Partners, and McGraw Hill Invest $22.7 Million In LinkedIn
Apparently SAP, Goldman Sachs, Bessemer Venture Partners, and McGraw Hill believe that relationships DO matter. Or at least back in June they did. The four companies invested $22.7 million on top of the $53 million LinkedIn received this past June. The total $75.7 million Series D investment is based on a $1 billion valuation.
To date, LinkedIn has raised over $100 million for their professional social network service. LinkedIn has about 370 employees and their revenues are growing 100% per year. LinkedIn CEO Dan Nye informed TechCrunch that the company has been profitable since 2006.
LinkedIn has about 30 million registered users. LinkedIn receives over 4 million uniques per month. The previous investors of the $53 million were Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry