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.