Pinterest has just secured $200 million in funding, more than double what it brought in from the Japanese e-commerce firm Rakuten in its well-publicized round last year, the company said.
The fundraising round, led by Valiant Capital Management, put the value of the company at $2.5 billion.
Previous investors, including Andreessen Horowitz and Bessemer Venture Partners, also contributed.
The scrapbooking site‘s traffic continues to grow. At the close of 2012, it saw nearly 30 million unique monthly visitors a month, according to comScore.
The company plans to use the capital to grow its headcount, expand internationally, improve its infrastructure and make “strategic acquisitions of both talent and technology,” a spokesman said.