The image-based social networking site Pinterest has raised $100 million in a financing round, and this brings the value of the company to around $1.5 billion, an unnamed source told All Things D. Rakuten, one of Japan’s biggest online retail operators, led the round of financing. It was joined by a group of investors including venture-capital firms FirstMark Capital, Bessemer Venture Partners and Andreessen Horowitz. Pinterest reportedly will use the funds to develop country-specific websites such as Pinterest China.
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Pinterest: $1.5B Worth of Virtual Push Pins
Posted by: Peter Suciu May 17, 2012 01:40 PMThe image-based social networking site Pinterest has raised $100 million in a financing round, and this brings the value of the company to around $1.5 billion, an unnamed source told All Things D. Rakuten, one of Japan’s biggest online retail operators, led the round of financing. It was joined by a group of investors including venture-capital firms FirstMark Capital, Bessemer Venture Partners and Andreessen Horowitz. Pinterest reportedly will use the funds to develop country-specific websites such as Pinterest China.