Pinterest raises $200m in new funding


by | 16 May 2014

Fresh backing raises the site’s valuation to $5bn.

Popular interest-sharing website Pinterest has announced it has raise an additional $200 million in investor funding.

The capital would be used in the expansion of its advertising programme, technological investments, and international development, and values the company at around $5bn.

According to Pinterest, participating investors included Bessemer Venture Partners, Andreessen Horowitz, SV Angel, Fidelity, Valiant Capital Partners and FirstMark Capital.

Pinterest previously acquired $225m in Series E funding in October 2013 - with Fidelity Investments playing a lead role - which valued the company then at $3.8bn.

Since its launch in 2009, Pinterest has raised an overall amount of $764m, and many markets are speculating that the firm may soon go public.

The site lets users manage images called pins, as well as other content such as videos and .gif files, on their own personalised media platform.

Post a comment

Comments may be moderated for spam, obscenities or defamation.
Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.