460 days ago
Linkedin Buy Rapportive

LinkedIn has reportedly bought contact management startup Rapportive.

The startup — which displays and aggregates the social networking accounts of the people you contact through Gmail — was backed for $1 million by investors Charles River Ventures, 500 Startups, Dharmesh Shah, Scott Banister, Jason Calacanis, Paul Buchheit, Gary Vaynerchuk, Shervin Pishevar, Roy Rodenstein, Kima Ventures,Ashish Soni, Zelkova Ventures, Michael Zirngibl, and David Cancel.

At a $3 million pre-money valuation, most of the investors seem to be quite content with the $15 million in cash exit.

LinkedIn seems to have become more selective when deliberating on acquisition targets recently, picking up data plays ConnnectedHQ, Cardmunch and now Rapportive in what seems to be an attempt to bulk up what may to be some mystery contact management product.

LinkedIn are certainly seeing amazing growth as they recently hit 150 million users.