LinkedIn secures $22.7M in funding
LinkedIn Corp. has raised $22.7 million in funding from Goldman Sachs, The McGraw-Hill Cos., and SAP Ventures, along with a reinvestment by Bessemer Venture Partners, the company said Thursday.
The new investment is a follow-on from a Series D round of funding in June that raised $53 million, led by Bain Capital Ventures.
LinkedIn says its valuation for the round was just over $1 billion.
The Mountain View-based business social networking service says more than 30 million professionals have joined guaranteed cash advance. LinkedIn backers include Sequoia Capital, Greylock Partners, the European Founders Fund, Bessemer Venture Partners, Bain Capital Ventures and now Goldman Sachs, The McGraw-Hill Co. and SAP Ventures.