LinkedIn Raises Series C

LinkedIn Corp., a Mountain View, Calif.-based social networking company for businesspeople, has raised $12.8 million in Series C funding from Bessemer Venture Partners and European Founders Fund. Existing backers Sequoia Capital and Greylock did not participate in the deal, which VentureBeat reports came with a $250 million post-money valuation. LinkedIn previously had raised $15 million over two rounds of funding in 2004 and 2004.