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Professional online network creator LinkedIn Corp. said Wednesday it received $53 million in new funding that values the company at $1 billion.
The Mountain View-based company said the funding was led by Boston-based Bain Capital Ventures.
Also participating were Sequoia Capital and Bessemer Venture Partners, which have offices in Menlo Park; and Greylock Partners, which has an office in San Mateo.
"This fourth and largest round of funding is based on the company's rapid member growth, multiple business lines and future opportunity," LinkedIn said.
The company's current revenue streams include advertising, subscriptions, job listings and corporate hiring services, and LinkedIn said it is in the process of launching "several new lines of business."
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