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"Pinterest raises $100 mn in funding"

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Thursday, 17 May 2012

"Pinterest raises $100 mn in funding"

Pinterest, the increasingly popular online bulletin board, raised $100 million in a financing round that values the US start-up at $1.5 billion, the Wall Street Journal said, citing people
familiar with the matter.

The funding is led by Japanese e-commerce site Rakuten, with Pinterest’s existing venture-capital investors such as Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners also participating, the report said.

The social site where users can “pin” images and follow others’ collections has surged in recent months to become the 16th most-visited site in the United States, according to the Web information company Alexa.

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