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 (suppose Twitter, Instagram, and TikTok) would find yourself spawning a startup value over a billion {dollars}? Whereas it’s solely reliant on these providers retaining this limitation, it hasn’t stopped Linktree’s continued success at discovering funding at unbelievable valuations for an organization with what’s principally one subscription-based product.
That mentioned, Linktree claims it has helped 1.7 million individuals drive 1.2 billion clicks to commerce-related web sites within the final yr alone.
In accordance with TechCrunch, Linktree has raised $55.7 million in two Collection B funding rounds over the past 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 Collection 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 value that valuation based mostly on its large userbase that features the likes of Selena Gomez, TikTok, and Main League Baseball. In 2021, Linktree instructed TechCrunch it had 12 million world customers. After its most up-to-date funding spherical, it now says it has 24 million. Rising to twice the scale in underneath a yr is certainly spectacular.
“Linktree is certainly in a hyper-growth part, and these fundraises actually concentrate on rising the workforce. We had been seven individuals in March 2020, we’re now over 230 individuals 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 accessible on the increased value tiers. The corporate presently doesn’t take a reduce of transactions when customers ship creators a tip or purchase a product by its Shopify integration, nevertheless it plans to alter that sooner or later with a scaling share based mostly on what subscription tier a person is in, starting from 10% to 0.5%.
Picture credit: Header picture by way of Linktree.
