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October 23, 2013 09:55 pm -04

Pinterest Now Worth $3.8 Billion

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Pinterest's valuation is closing in on $4 billion after its latest funding round of $225 million, according to a report.

AllThingsD cites "several sources" in a report on the funding, which is led by late-stage investor Fidelity Investments. Just eight months ago, Pinterest was valued at $2 billion to $2.5 billion.

See also: Pinterest Drives More Traffic to Publishers Than Twitter, LinkedIn, Reddit Combined

The latest round is aimed at helping Pinterest expand internationally. The social network had 24.9 million monthly unique users in September, according to comScore. However, that figure doesn't take mobile into account. Adding mobile users, Pinterest has more than 50 million unique visitors, according to AllThingsD. Read more...

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Original Link: http://feeds.mashable.com/~r/Mashable/~3/iWMzGpukS7A/

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