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Pinterest isn’t going anywhere anytime soon. Last year the social scrapbooking platform rode its skyrocketing profile to a $100 million funding round, which gave it a $1.5 billion valuation. Now Pinterest has nabbed a $200 million funding round at a $2.5 billion valuation, as first reported by All Things D on Wednesday afternoon and confirmed by the company later that day. The new capital gives Pinterest a sizeable cushion to keep at bay any pressures to sell to a larger company, despite its lack of a formal revenue stream.
“Our focus is on helping millions of people discover things they love and get inspiration to go do those things in their life.