Michael Arrington has news that business social network LinkedIn has secured another $12.8 million in financing.
LinkedIn has seen great growth, with $10 million in revenue in 2006 – impressive for any social network – and the successful launch of LinkedIn Answers. So, the question is, with that type of success, what do they need the money for?
Clearly they have plans to roll-out new features but would they need $13m for that? Maybe they’re looking to make an acquisition, which is what my money would be on.