Linktree Valued at $1.3 Billion ➝

Amanda Silberling, writing for TechCrunch:

Over the last year and a half, Linktree raised a combined $55.7 million over two funding rounds. Today, the Australia-based company announced a $110 million all equity round led by Index Ventures and Coatue Management, with participation from AirTree Ventures, Insight Partners and Greenoaks. This raise values Linktree at a whopping $1.3 billion. That’s a lot for what’s essentially a lightweight mini-website builder.

This is quite the valuation for a company that’s selling what could be built with the Free plan on WordPress.com. And that also happens to scale significantly better if you eventually decide to build a more robust website on your own domain.

(Via Michael Tsai.)

➝ Source: techcrunch.com

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