Bitly Raises $15M Led by Khosla Ventures

Bitly, the link shortening and tracking service, has raised $15 million in a funding round led by Vinod Khosla at Khosla Ventures. The round is aimed to help Bitly hire and grow. "We make many millions of dollars per year, but not appropriate for the growth that Bitly is trying to do," said Bitly CEO Peter Stern in a phone interview this morning.

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