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LinkedIn Raised Its Big Round; $53 Million From Bain and Others; $1 Billion Valuation

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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