‘Second life’ is taking LinkedIn to places with second round of funding touching $13 million and add to it the $13.4 million worth of funding that it generated in first round the net funding figure is hovering around $26 million mark.
The company has been profitable since March 2006 with revenue generation touching $10 million in 2006 and the company is hoping to generate even more in the year 2007 as reportedly it has 9 million users and 100,000 new users are being added per week.
LinkedIn is still to confirm the funding details but the company’s valuation has pegged its price at $250 million.
Its competitor in Europe Xing is also raked up €2.8 million in revenue in the every fiscal quarter and is valued at $200 million.
Via: Techcrunch
