Pinterest raises $200m in new funding round
17/05/2014 3:07 am EDT


share with your network:




Photo pin-up site, Pinterest has said it has raised a new $200m round of funding that gives it a valuation of $5bn, Reuters has reported. The funds were raised from existing investors SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital, and Valiant Capital Partners, Pinterest said. The company last raised money in October 2013 at a $3.8bn valuation in a round led by Fidelity Investments. The capital would be used to invest in technology, develop its advertising program further, and expand internationally, the firm said.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.