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Pinterest racks up $200 mln at $5 bln valuation

Virtual scrapbook site Pinterest has raised $200 million in Series F financing at a valuation of $5 billion, a spokesperson from the company confirmed. Previous backers SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners participated in the round.  Pinterest co-founder and CEO Ben Silbermann said in a statement: “Pinterest has a vision of solving discovery and helping everyone find things they’ll love. This new investment gives us additional resources to realize our vision.”

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peHUB First Read

To start your week, First Read has the political evolution of Sean Parker, big mutual funds becoming venture capital investors and seven limits Congress should impose on a Comcast/Time Warner merger.

Lumi Raises $20m Series B Led by ClearVue

Lumi, a provider of nutritional beauty products in China, has raised $20 million in funding led by ClearVue Partners. Fidelity, JAFCO and Capvent also participated in the round, along with existing shareholder, DCM.

peHUB First Read

In this morning’s FirstRead Dell ups Quest bid, Google Ventures brings old school business apps to the cloud and Russian Internet shows us the money.

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