Reuters – US Start-Up Pinterest Inks $100m

Online bulletin board Pinterest has raised $100 million in a financing round that values the US start-up at $1.5 billion, the Wall Street Journal said, writes Reuters. The funding is led by Japanese e-commerce site Rakuten, with existing investors such as Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners also participating, writes Reuters.

Reuters – Pinterest, the increasingly popular online bulletin board, raised $100 million in a financing round that values the U.S. 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.

Pinterest could not immediately be reached by Reuters for comments.

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.

Leave a Reply

PEHUB Community

Join the 12506 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget