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LinkedIn Adds New Friends: Raises Another $22.7M; Investors Include SAP, Goldman, McGraw-Hill, Bessemer

Published on October 23, 2008
by Eric Savitz

Social-networking site LinkedIn has raised $22.7 million from a group that includes Goldman Sachs, McGraw-Hill (MHP), SAP Ventures and previous investor Bessemer Venture Partners. The latest capital raise boosts total investment in the company to just over $100 million. The deal is an extension of a $53 million funding completed in June at a valuation of just over $1 billion.

In an interview with Tech Trader Daily, CEO Dan Nye noted that the company has a strong balance sheet, with no debt, and growing revenue.

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URL: http://allthingsd.com/20081023/linkedin-adds-new-friends-raises-another-227m-investors-include-sap-goldman-mcgraw-hill-bessemer/