Summary:

LinkedIn has closed its big round, which it had been working on for a while now in the midst of fielding some acquisition offers from strate…

LinkedIn has closed its big round, which it had been working on for a while now in the midst of fielding some acquisition offers from strategics: it has received $53 million in funding, primarily from Bain Capital Ventures, the Boston-based PE firm. Other investors in the round include Sequoia Capital, Greylock Partners and Bessemer Venture Partners.

The investors received a combined 5 percent stake in Mountain View-based LinkedIn, and the new financing round values the company at $1 billion, NYT reports, which is certainly heady, but at least for a company which has revenues and a clearer business path than others. The company has been on the IPO-watch list for a while now, but this financing probably delays it, and then the public markets being what they are, waiting out with this

You’re subscribed! If you like, you can update your settings

Comments have been disabled for this post