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LinkedIn Links Up With $53 Million Series D

Friday, June 20, 2008 5:45:00 AM PDT | VentureDeal Staff

Mountain View, California --  Online social networking company LinkedIn announced that it has raised $53 million in its fourth and largest venture capital financing.

The company operates a website that enables professionals to network, strengthen and extend their existing network of trusted contacts.  It claims more than 1.2 million users.

The round was led by Bain Capital Ventures, and include previous investors Sequoia Capital, Greylock Partners and Bessemer Venture Partners.  The company said the funding proceeds would be used for working capital and potential acquisitions.

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