LinkedIn receives $12.8 million in VC funding

[mandy]

LinkedIn, a company that runs a popular online service that allows people to share business contact information, announced Monday that it has raised $12.8 million from two prominent venture capital firms.

Bessemer Venture Partners, one of the oldest venture capital firms in the U.S., and European Founders Fund (EFF), a leading investor in Internet companies, were the two firms that participated in the financing round.

The two join well-regarded venture capital firms Sequoia Capital and Greylock Partners as investors in LinkedIn, which has grown rapidly during the past year.

Chief Executive Officer Reid Hoffman said that the company has more than 9 million members and 350 corporate customers, including Microsoft and Target ...

full article: http://money.cnn.com/2007/01/29/technolo...2007012903

[mandy]

A related topic:

Reid Hoffman may have ceded the CEO’s chair to former Advent Software executive Dan Nye, but he still has Google-size dreams for LinkedIn, the business-networking web site he founded.

“We plan to build LinkedIn into a multi-billion-dollar company and continue building products that are useful to every professional in their lives,” he said in response to questions submitted by email. “I personally initiated the search last year with the approval of the board because I am committed to us becoming one of the big Internet companies.”...

full article: http://redherring.com/Article.aspx?a=21138&hed=LinkedIn+Thinks+Big