One of our fundamental beliefs at LinkedIn is that the company you keep is one of the most credible reflections of who you are and what you have to offer.
Like individuals, successful companies are also built on strong networks of relationships, and LinkedIn continually strives to create the right partnerships to help us build a great service for our members, and advance our business.
Today I am happy to announce that LinkedIn has raised additional funding from our original investors and added another world-class investor to our team. Bain Capital Ventures joins our existing group of investors – Sequoia Capital, Greylock Partners, and Bessemer Ventures – and leads this round of investment at a total of $53 million.* (LinkedIn has previously raised $27 million).
This significant investment is indicative of the confidence shared by our investors in our business model and our long-term growth strategy. Watch Jeffrey Glass (Bain Capital Ventures), David Sze (Greylock Partners), David Cowan (Bessemer Ventures), and Mark Kvamme (Sequoia Capital) describe their reasons for investing in LinkedIn.
Because LinkedIn has been profitable since 2006, we can remain intensely focused on providing value to over
23 million professionals on LinkedIn (as of June 2008) – a number that is growing at a torrid pace.
This additional funding will give us even more flexibility to execute on our vision for millions of professionals to increase their effectiveness by using LinkedIn to build relationships and exchange knowledge, opportunities and advice.
You can join the millions of professionals already using LinkedIn this way by connecting to the people you trust, building out your professional profile, and asking and answering questions of your network,
* The investment of $53 million by LinkedIn’s partners values the company at slightly over $1 billion