Networking site gets investment boost

An internet networking site aimed at professionals today said a £27m (€34m) cash injection from investors would help its expansion in Europe.

Silicon Valley-based LinkedIn, which has one million of its 23 million members in the UK, said the cash boost offered the chance to roll out new services and platforms. It intends to invest in its Soho-based European headquarters, including through the creation of 20 new jobs.