Tags: Pinterest | Value | Financing | Round

Pinterest Valued at $5 Billion in Financing Round

Thursday, 15 May 2014 07:33 PM

Pinterest Inc. raised $200 million in a funding round that gives the Web-scrapbooking startup a $5 billion valuation, up from $3.8 billion seven months ago.

The money came from existing investors, including SV Angel, Bessemer Venture Partners, Fidelity Investments, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners. The new round brings the total raised to $764 million, Pinterest said Thursday in an e-mailed statement.

The financing will help fund an expansion for the site, which began implementing a plan to generate revenue from advertising this week. San Francisco-based Pinterest is seeking to add users internationally and develop its ad program further, and will also improve the product so that it’s easier for people to find what they’re looking for on the site.

“Pinterest has a vision of solving discovery and helping everyone find things they’ll love,” Chief Executive Officer Ben Silbermann said in the statement. “This new investment gives us additional resources to realize our vision.”

In October, Pinterest said it had raised $225 million at a valuation of $3.8 billion. In February 2013, the company was valued at $2.5 billion.

The investment round and valuation were reported earlier Thursday by ReadWrite. Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.

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Pinterest Inc. raised $200 million in a funding round that gives the Web-scrapbooking startup a $5 billion valuation, up from $3.8 billion seven months ago.
Pinterest, Value, Financing, Round
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2014-33-15
Thursday, 15 May 2014 07:33 PM
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