Pinterest, Valued at $2.5B, Brings in $200M in Venture Capital
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.
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
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in