LinkedIn Worth $250m
LinkedIn's new round is covered in VentureBeat today, verifying the previous rumors.
LinkedIn, the networking site for professionals connect, has raised $12.8 million in venture funding.
The venture capitalists, Silicon Valley’s Bessemer Venture Partners and the European Founders Fund (EFF), an internet focused firm, placed a value of more than $250 million on the Palo Alto company, after the investment.
I think it's an impressive valuation. However, the more interesting number is the 100,000 new members per week. That's 5m per year and suggests a >60% growth rate.
EFF's participation is also noteworthy. On the heels of Xing/OpenBC's successful IPO, LinkedIn is signaling that it will agressively push into Europe.
It is an "impressive" number, but out of curiosity, do you think it is an over- or under-valued number?
Posted by: Ali Alpay | January 30, 2007 at 06:55 PM