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. 
Showing posts with label social networks. Show all posts
Showing posts with label social networks. Show all posts
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. 
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