Investors Show $200M Interest in Pinterest
February 22, 2013- Share:
Hot on the heels of a $30 million secondary sale in January, Pinterest has raised a massive $200 million round of Series D financing from lead investor Valiant Capital Partners and participants Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital. For anyone who has been living under a rock since 2009, Pinterest is a social networking site that offers a “virtual pinboard” interface where users can post images and links of things they’re interested in. The recent round of funding puts the company at nearly a $2.5 billion pre-money valuation—an impressive upshot since the $1.6 billion valuation pinned to it in last May’s $100 million Series C raise.
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