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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