Pinterest Raises $367M in Series G Funding; Reportedly Valued at $11 Billion

pinterest-logoPinterest, a San Francisco, CA-based visual discovery platform, raised $367m in funding.

According to a document filed with the S.E.C. (read it here), which unveiled the Series G round, the company was backed by 15 investors and is currently seeking to raise an additional $211m.

Reports said that the round valued it at approximately $11 billion.

The company, which employs over 500 people in San Francisco, New York, Chicago, Atlanta, Los Angeles, London, Paris, Berlin, Tokyo and Sao Paulo, intends to use the funds to continue to grow globally.

Co-founded by Ben Silbermann, Evan Sharp and Paul Sciarra in March 2010, Pinterest is a visual bookmarking tool that allows users to discover and save things and creative ideas in order to be inspired to do them in their daily lives.

It is available on Web, Android and iOS.



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