Pinterest Raises USD 200M from Valiant Capital – USD 2.5B Valuation

Pinterest has raised USD 200 million of funding from first time investor Valiant Capital and existing backers Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, San Francisco-based Pinterest said yesterday in an e-mailed statement. Valiant has invested in several consumer-Internet companies in the past, including search engines Google and Baidu.

The move values Pinterest at USD 2.5 billion. CEO Ben Silbermann said the investment it would use the new capital to build new features, beef up its infrastructure, and make"strategic acquisitions of both talent and technology."

Pinterest has over 100 employees and most recently raised cash in May 2012, drawing USD 100 million in a round led by Japan's Rakuten e-commerce group and valuing it at USD 1.5 billion.


Editorial Staff

Portada Staff

MORE FROM PORTADA

AB InBev Awards U.S. Media Account to Dentsu Aegis Network

AB InBev Awards U.S. Media Account to Dentsu Aegis Network

Brewing giant AB InBev has named Dentsu Aegis Network’s Vizeum as its new agency for the U.S. and Canada.


BRAND MARKETING RESEARCH: Apple, Google World’s Top Brands

BRAND MARKETING RESEARCH: Apple, Google World’s Top Brands

A summary of the most exciting recent research in brand marketing in the U.S., U.S.-Hispanic and Latin American markets. If you're trying to keep up, consider this your one-stop shop.


Marketers Use Social Media to Boost Sponsorships: ANA STUDY

Marketers Use Social Media to Boost Sponsorships: ANA STUDY

Social media — particularly Facebook, Twitter, and Instagram — has emerged as a key component in supporting sponsorship activations among a great majority of marketers, according to a new study by the ANA (Association of National Advertisers).