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Linktree, the corporate that makes touchdown pages that may present a bunch of hyperlinks to different websites and is hottest on Instagram, TikTok, and Twitter, has been valued at $1.3 billion.
Who knew that web sites that solely enable customers to place one URL of their profiles (assume Twitter, Instagram, and TikTok) would find yourself spawning a startup price over a billion {dollars}? Whereas it’s completely reliant on these providers retaining this limitation, it hasn’t stopped Linktree’s continued success at discovering funding at unbelievable valuations for a corporation with what’s principally one subscription-based product.
That stated, Linktree claims it has helped 1.7 million folks drive 1.2 billion clicks to commerce-related web sites within the final yr alone.
In response to TechCrunch, Linktree has raised $55.7 million in two Sequence B funding rounds during the last yr and a half, and this week introduced a $110 million spherical by Index Ventures and Coatue Administration, with participation from AirTree Ventures, Perception Companions, and Greenoaks (a continuation of that Sequence B funding). This raises Linktree’s valuation to the aforementioned $1.3 billion.
We’re thrilled to share that we simply introduced a $110 million USD increase at a $1.3 billion USD valuation, led by @IndexVentures and #CoatueManagement—giving #Linktree official unicorn standing! Test it out right here: https://t.co/9tix6i9RDd
— Linktree (@Linktree_) March 16, 2022
Linktree says it’s price that valuation based mostly on its enormous userbase that features the likes of Selena Gomez, TikTok, and Main League Baseball. In 2021, Linktree informed TechCrunch it had 12 million international customers. After its most up-to-date funding spherical, it now says it has 24 million. Rising to twice the scale in below a yr is certainly spectacular.
“Linktree is certainly in a hyper-growth part, and these fundraises actually concentrate on rising the staff. We have been seven folks in March 2020, we’re now over 230 folks globally, and we count on to be hiring one other 200 to 300 roles this yr between the States and Australia,” Linktree co-founder and CEO Alex Zaccaria tells TechCrunch.
Linktree monetizes its service by totally different subscription choices that vary from free to $21 per thirty days, with extra choices and customization obtainable on the larger worth tiers. The corporate at the moment doesn’t take a minimize of transactions when customers ship creators a tip or purchase a product by its Shopify integration, nevertheless it plans to vary that sooner or later with a scaling proportion based mostly on what subscription tier a person is in, starting from 10% to 0.5%.
Picture credit: Header picture through Linktree.
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