LinkedIn Valued at $1 Billion, Receives $53 Million Surge in CashComments Off

Is an ipo a real possibility in the future for LinkedIn?  Dan Nye, CEO, announced on the LinkedIn blog they have raised another $53 million, after previously raising $27 million.  This brings the overall value estimated at just over $1 billion.

Nye stated, “This additional funding will give us even more flexibility to execute on our vision for millions of professionals to increase their effectiveness by using LinkedIn to build relationships and exchange knowledge, opportunities and advice.”

With 23 million users overall, the site reported 7.5 million unique visitors in April, up 7.6% from March.

Related news coverage of the announcement:

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  • Posted on: Wednesday, June 18th, 2008