LinkedIn Raises another $13m
Professional social network LinkedIn announced a $12.8 million round of financing led by Bessemer and the European Founders Fund. The company has raised $13.4 million in two previous rounds of financing, bringing the total to more than $26 million.
The company had something north of $10 million in revenue in 2006, and says they’ll do substantially more than that in 2007. LinkedIn has 70 employees, up from 45 a year ago. They claim 9 million worldwide users, and are adding 100,000 or so new users per week.
The valuation of the financing round is not being disclosed by the company, but it is rumored to be around $250 million. LinkedIn’s European competitor, Xing, is currently generating about €2.8 million in revenue per fiscal quarter, or $3.6 million. The company was valued at about $200 million when it went public in December 2006.