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Report: Second Life owner Linden Lab Raises New Money, Gets $750 Million Valuation

Authored by Jay Baage on June 6, 2007 - 9:35am.
Linden Lab, owners of 3D virtual world Second Life, is rumored to have closed another financing round. A source tells Valleywag that the amount raised wasn't huge, but the valuation number being quoted for Linden Lab is now $750m. I don't know how reliable thee rumors are, but with the buzz surrounding Second Life in particular and virtual worlds in general, it's not a surprise that investors want to ride that wave. An indication that Linden Lab is not worried about its finances right now is that they have 68 open positions on its website (and the company just hosted a recruiting party on the evening of May 30 in Boston.)

Linden Lab's latest announced financing round of $11M on March 28, 2006, was led by Globespan Capital Partners and with participation by Jeff Bezos. Current investors Benchmark Capital, Catamount Ventures, software pioneer Mitch Kapor, and the Omidyar Network also participated in the round.
tags: Games | Deals | Internet | Linden Lab | Second Life | Virtual Worlds | Valleywag |



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