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January 24, 2013 08:31 am GMT

SV Angel Invested $30M In Pinterest Secondary Sale

Screen Shot 2013-01-23 at 7.24.21 PMLast week we reported on anSEC filingof a new $30 million raiseforSVAngel, for a fund called SV Angel-III Growth P.We've since heard from multiple sources that this $30 million is a Special Purpose Vehicle investment vehicle for SV Angel, specifically reserved to buy secondary shares in Pinterest for existing LPs. We've also confirmed with SVAngel co-founder David Lee that this is indeed the case.

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