LinkedIn, the social network for business and professional networking has just raised $53m of new funding from investors, taking its total funding raised to over $80m. Bain Capital Ventures led their latest round of funding giving investors a 5% stake.
Venture capitalists now value LinkedIn at $1bn, which following on from Facebook’s recent $15bn valuation, once again shows the confidence that VC’s have in social networking sites.
LinkedIn now has 23 million members worldwide with around 1.2 million new members joining every month. They plan to use their new funds to add features to the site and expand their service in other languages.
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