News is out now, on the LinkedIn Blog:
I’m happy to announce today that we’ve received strategic investments in LinkedIn totaling $22.7 million from market leaders in the enterprise software, investment banking and business information sectors; all of whom believe in the power of LinkedIn as a way to connect professionals and help them be effective. This round of funding includes world class strategic investors Goldman Sachs, The McGraw-Hill Companies, and SAP ventures; as well as a re-investment by Bessemer Venture Partners.
This financing is a follow-on of the Series D round of funding we announced in June of 2008, in which we raised $53 million. Led by Bain Capital Ventures LinkedIn’s Series D financing round has raised $75.7 million. You can find my thoughts on our Series D announcement here.
Can’t comment here publicly too much beyond the official statement, but TechCrunch has already picked up the news as well. The reality is that it is a great advantage to have capital in a capital-starved environment, particularly when there are such large growth opportunities available in a new market.