LinkedIn prepares for the long haul, raises $22 million

03 Nov 2008

As it looks like there’s no end in sight to the economic downturn brought on by the Wall Street credit crisis, social network and job site LinkedIn has raised $22.7 million in additional funding. The new money is from previous investor Bessemer Venture Partners, and new investors SAP, Goldman Sachs, and interestingly, McGraw-Hill. McGraw-Hill has a deal with LinkedIn on its BusinessWeek.c

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.