LinkedIn Raises $22.7 Million from Goldman Sachs, The McGraw-Hill Companies, SAP...

LinkedIn Raises $22.7 Million from Goldman Sachs, The McGraw-Hill Companies, SAP Ventures and Bessemer Venture Partners

MOUNTAIN VIEW, Calif.--(Business Wire)--
LinkedIn Corporation today announced that it has secured $22.7
million in new funding from world-leading strategic investors Goldman
Sachs; The McGraw-Hill Companies; and SAP Ventures, a division of SAP
AG; as well as a re-investment by Bessemer Venture Partners. This
financing is a follow on of the Series D fundraising round LinkedIn
announced in June of 2008, in which the company raised $53 million in
funding led by Bain Capital Ventures. The valuation for the Series D
was just over 1 billion dollars for the $75.7 million raised.

"We secured this investment with innovators in enterprise
software, investment banking and business information who see the
potential to create value and transform industries through the
LinkedIn platform," said LinkedIn CEO, Dan Nye. "These leading
companies understand that LinkedIn is building a network with broad
and enduring value."

Over 30 million professionals use LinkedIn to solve business
problems, manage their professional relationships and control their
professional identities online. LinkedIn members represent more than
170 industries, 150 countries, and include executives from all of the
Fortune 500 companies. LinkedIn is currently growing at a rate of half
a million new members a week. Members experience the benefits of the
purpose-driven network by finding new ways to interact and do
business. While standard LinkedIn accounts are free, the company earns
revenue through advertising, premium subscriptions, corporate
solutions, and job listings. LinkedIn recently added a new line of
revenue with LinkedIn Surveys.

"SAP Ventures is extremely excited to partner with one of the
leading Internet companies in the world," said Doug Higgins, partner
at SAP Ventures. "We made this investment because we believe that when
Web 2.0 technologies are thoughtfully applied to the enterprise, they
can produce significant efficiencies for small, medium and large
companies."

"We are delighted to enhance our strategic partnership with
LinkedIn, which helps BusinessWeek readers network with others and
provides LinkedIn users with broader access to content," said Glenn S.
Goldberg, president of Information & Media for The McGraw-Hill
Companies. "We look forward to developing additional opportunities to
connect business professionals and to serve their information needs
through BusinessWeek and our other respected franchises."

"In today's economy we spend more time tending to our professional
networks, and so it's no surprise that LinkedIn continues to grow in
membership and engagement," said David Cowan, partner at Bessemer
Venture Partners.

About LinkedIn

LinkedIn takes your personal business network online, giving you
access to people, jobs and opportunities like never before. Built upon
trusted connections and relationships, LinkedIn has established the
world's largest and most powerful business network. Currently, over 30
million professionals are on LinkedIn, representing all five hundred
of the Fortune 500 companies, as well as a wide range of household
names in technology, financial services, media, consumer packaged
goods, entertainment, fashion, and numerous other industries. LinkedIn
is backed by world-class investors including Sequoia Capital, Greylock
Partners, the European Founders Fund, Bessemer Venture Partners, Bain
Capital Ventures and now Goldman Sachs, The McGraw-Hill Companies and
SAP Ventures.

About Goldman Sachs

The Goldman Sachs Group is a bank holding company and a leading
global investment banking, securities and investment management firm.
Goldman Sachs provides a wide range of services worldwide to a
substantial and diversified client base that includes corporations,
financial institutions, governments and high net worth individuals.
Founded in 1869, the firm is headquartered in New York and maintains
offices in London, Frankfurt, Tokyo, Hong Kong and other major
financial centers around the world.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global
information services provider meeting worldwide needs in the financial
services, education and business information markets through leading
brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek
and J.D. Power and Associates. The Corporation has more than 280
offices in 40 countries. Sales in 2007 were $6.8 billion. Additional
information is available at www.mcgraw-hill.com.

About SAP Ventures

SAP Ventures invests in innovative and disruptive software and
services companies globally. We pursue opportunities across all stages
for outstanding financial return. Our goal is to bring substantial
benefit to all parties by facilitating interaction between portfolio
companies and SAP and its ecosystem of customers and partners. SAP
Ventures has a successful track record of building industry-leading
companies by partnering with outstanding entrepreneurs and top-tier
venture capital firms since 1996. For more information, visit
www.sapventures.com.

About Bessemer Venture Partners

Bessemer Venture Partners is a global investment group with
offices in Silicon Valley, Boston, New York, Bangalore, Mumbai,
Beijing, and Tel Aviv. As the oldest venture capital practice in the
United States, BVP has partnered as an active, hands-on investor in
Ciena, Ingersoll Rand, Parametric, Skype, Staples, VeriSign, and W.R.
Grace, among many others. More than 100 BVP-funded companies have gone
public on exchanges in Canada, India, London, and the United States.
To learn more, visit www.bvp.com.

SAP and all SAP logos are trademarks or registered trademarks of
SAP AG in Germany and in several other countries.

All other product and service names mentioned are the trademarks
of their respective companies.

SAP Forward-looking Statement

Any statements contained in this document that are not historical
facts are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as "anticipate,"
"believe," "estimate," "expect," "forecast," "intend," "may," "plan,"
"project," "predict," "should" and "will" and similar expressions as
they relate to SAP are intended to identify such forward-looking
statements. SAP undertakes no obligation to publicly update or revise
any forward-looking statements. All forward-looking statements are
subject to various risks and uncertainties that could cause actual
results to differ materially from expectations The factors that could
affect SAP's future financial results are discussed more fully in
SAP's filings with the U.S. Securities and Exchange Commission
("SEC"), including SAP's most recent Annual Report on Form 20-F filed
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of their dates.

For further information:
blog.linkedin.com/blog/2008/10/goldman-sachs-t.html

LinkedIn
Kay Luo, 650-687-3560
press@linkedin.com

Copyright Business Wire 2008