Goldman Sachs, The McGraw-Hill Companies, and SAP Ventures join the LinkedIn team
I’m happy to announce today that we’ve received strategic investments in LinkedIn totaling $22.7 million from market leaders in the enterprise software, investment banking and business information sectors; all of whom believe in the power of LinkedIn as a way to connect professionals and help them be effective. This round of funding includes world class strategic investors Goldman Sachs, The McGraw-Hill Companies, and SAP ventures; as well as a re-investment by Bessemer Venture Partners.
This financing is a follow-on of the Series D round of funding we announced in June of 2008, in which we raised $53 million. Led by Bain Capital Ventures LinkedIn’s Series D financing round has raised $75.7 million. You can find my thoughts on our Series D announcement here.
I’d like to reiterate our commitment to creating the right partnerships to help us build a great service for over 30 million professionals on LinkedIn today – a number that’s growing by leaps and bounds each month. This funding strengthens LinkedIn further, and will help us to continue creating additional services for professionals to connect and collaborate more effectively, around the world. Services that allow you to connect with the people you trust, build out a robust online professional profile and collaborate with members of your professional network on LinkedIn.
Dan Nye
CEO, LinkedIn
Tags: linkedinfunding
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Gareth James August 10th, 2009
I do hope you keep receiving this level of funding during these hard times. Linkedin has gone from strength to strength, but it does need continual investment. Facebook has is spending millions adding new features and I hope you guys can do the same. You still seem to have no real competitors in my eyes, which is a big plus.
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