LinkedIn has raised an additional $22.7 million in funding, giving the business-networking site a little cushion in difficult economic times.
The strategic investment, announced Wednesday, comes from Goldman Sachs, SAP, McGraw-Hill, and longtime investor Bessemer Venture Partners. The money arrives on the heels of a $53 million Series D funding round in June that gave LinkedIn a valuation of $1 billion. The latest funding round brings the total funds raised to just more than $100 million.
LinkedIn CEO Dan Nye announced the funding in a blog posting on his company's site:
I'd like to reiterate our commitment … Read more