Investors Pin $1.2B More onto Pinterest's Valuation
October 24, 2013
In a mere eight months, Pinterest has increased its valuation by about $1.2 billion. The social networking site with 25 million users has just closed a $225 million round that valued the company at a reported $3.8 billion. The round was led by Fidelity Investments and included many of its existing venture investors. The company has raised over $500 million to date, $200 million of which came in a Series D round this past February that valued the company at around $2.63 billion.