Pinterest Raises $200M in Funding

San Francisco, CA-based online bulletin boards platform Pinterest raised a new $200m funding.

The round, which that gives the company a valuation of $2.5bn, was led by Valiant, with participation from existing backers Andreessen Horowitz, FirstMark Capital, and Bessemer Venture Partners.

The company intends to use the new funding to build new features, improve its infrastructure, hire new people (read here) and make strategic acquisitions of technology.

Co-founded in March 2010 by Ben Silbermann, Evan Sharp and Paul Sciarra Pinterest is a tool for collecting and organizing (in boards) pics of things users find on the web. People can also browse pins and boards created by other people.



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