Pinterest Inc. said it raised $225 million in a financing round that values it at $3.8 billion, as the Internet-scrapbooking startup seeks to expand and develop a model for generating revenue. The San Francisco-based company said the funding was led by mutual-fund firm Fidelity Investments, a new investor, with participation from existing investors such as Bessemer Venture Partners and FirstMark Capital. The round brings Pinterest’s total funding to $565 million and boosts its valuation from $2.5 billion during a February financing round. 
Monday, October 28, 2013
Pinterest Funding Led by Fidelity Values Startup at $3.8B
Pinterest Inc. said it raised $225 million in a financing round that values it at $3.8 billion, as the Internet-scrapbooking startup seeks to expand and develop a model for generating revenue. The San Francisco-based company said the funding was led by mutual-fund firm Fidelity Investments, a new investor, with participation from existing investors such as Bessemer Venture Partners and FirstMark Capital. The round brings Pinterest’s total funding to $565 million and boosts its valuation from $2.5 billion during a February financing round. 
Friday, October 11, 2013
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