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Highlights
- Australian startup, Linktree, has raised US$110 million.
- Now the company has a valuation of worth US$1.3 billion.
- Linktree now hopes to start its recruitment drive in Australia.
Australian ‘link-in-bio’ startup, Linktree, has raised US$110 million in funding from Index Ventures and Coatue.
This latest round was supported by Australian firm AirTree Ventures, which pushed its valuation into unicorn territory at US$1.3 billion, following a fast five years for the company, which counts over 23 million users.
Moreover, with this raise, Linktree will be able to focus on its additional geographic expansion, recruitment, revenue streams and add value for its creators and brands via new tools and partnerships.
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What more?
Linktree aims to complete its new Melbourne HQ hiring 200-300 employees in Australia over the next year to support hybrid work and local creators.
Last year, the company had billions of unique visitors per month on its website. This enabled its users to create a streamlined online identity to showcase and commercialise their profile.
About Linktree
Linktree was co-founded in 2016 by Alex, Anthony Zaccaria and Nick Humphreys. The 'link-in-bio' tool provider, which connects users' fragmented online presence, has over 23 million users.
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With the latest funding, the company anticipates a quick growth, beyond its primary business and also expects to establish its position as a new sub-sector of the tech industry.
The company has witnessed a healthy rise in its business, with the influencers, small business and music verticals growing over 300% each on average.
Conclusion
With this funding, the company will get a boost in innovating and developing tools to empower more people to grow and monetise their digital content while strengthening Linktree's market position.
