Melbourne-based Linktree Raises USD 10.7 Mn in Series A funding Led by Insight Partners and AirTree Ventures The startup will deploy the fresh capital to expand in international markets, including global team growth, and evolve its product and functionality in new ways to deliver valuable user experiences

By Shipra Singh

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Linktree

Linktree, a tech platform that can connects a user's followers to her entire online ecosystem, said on Monday it has raised USD 10.7 million in Series A funding round led by Insight Partners and AirTree Ventures.

Founded in 2016 by Alex Zaccaria, Anthony Zaccaria, and Nick Humphreys, Linktree allows users to build a microsite that houses their digital ecosystem. The free bio link tool is used by over 8 million users globally, which includes big brands, celebrities and regular content creators.

"In the same way Shopify and Stripe simplify the internet economy for eCommerce and enable other businesses to make revenue easily, Linktree does the same for creators, artists, businesses, and everyone in-between," said the company in its press statement.

The platform records over 28,000 sign ups every day, the company said in a statement.

Before the recent funding round, Linktree was bootstrapped and even profitable since its inception.

"From the beginning we've been focused on creating a company cut from a different cloth. We've been bootstrapped and profitable from day one, and have achieved a lot in four years with a lean, Melbourne-based team. I am incredibly proud to announce this raise alongside our incredible investor partners, and to leverage their expertise to create something truly unique in the tech sector," said co-founder and CEO Zaccaria.

The Melbourne-headquartered startup will deploy the fresh capital to expand in international markets, including global team growth, and evolve its product and functionality in new ways to deliver valuable user experiences.

"Linktree has successfully created this new "microsite" category enabling companies to monetize the next generation of the internet economy via a single interactive hub. The impressive traction and growing number of customers Linktree has gained over the last few months demonstrates its proven market fit, and we could not be more excited to work with the Linktree team as they transition to the ScaleUp phase of growth," said Jeff Lieberman, Managing Director at Insight Partners.

Shipra Singh

Entrepreneur Staff

Freelance Journalist

Now a freelance journalist, ealier steered the Wealth section on the Entrepreneur website, covering everything finance. Previously a personal finance reporter at The Economic Times and Outlook Money.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Marketing

The Rise of Inbound Marketing and the Death of the Cold Call

Why an "outbound" focus could be costing you sales prospects.

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.

Lifestyle

Jeremy Piven: Back With Another Hit Movie The Performance

In the new movie, Piven takes center stage under the directorial vision of his sister, Shira Piven

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Business News

Flight Attendant Dies on Plane in Front of Passengers on New Year's Eve

The British Airways flight was set to take off from London to Hong Kong.

Business News

Want to Start a Billion-Dollar Business? Look to These Two Industries, Which Have the Most Unicorn Growth

During a tough fundraising year overall last year, the value of cybersecurity and AI unicorns saw double-digit growth.