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BOSTON LinkedIn, the professional networking site, said it has raised $53 million from investors that places the company’s overall estimated valuation at more than $1 billion.
Bain Capital Ventures led the round — the fourth for LinkedIn — with existing company investors Sequoia Capital, Bessemer Venture Partners and Greylock Partners also supplying funds.
David Cowan of Bessemer, in a transcript of remarks provided by LinkedIn, said:
“Compared to most startups, LinkedIn’s valuation is very high, but compared to what we think LinkedIn’s future valuations will be, it’s a bargain.”
Mountain View, Calif.-based
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