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May 15, 2014 11:39 pm -04

Pinterest Raises Another Huge Round, Now Valued at $5 Billion

Pinterest-cofounders

Pinterest's ad program may be less than a week old, but the company certainly isn't having cashflow issues

Pinterest raised another large funding round — its third in about 15 months — this one worth $200 million with a $5 billion valuation, according to a company spokesperson. The round, which was first reported by Read Write, includes a handful of existing investors like SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital, and Valiant Capital Partners

See also: How To Plan Your Summer Vacation on Pinterest

Pinterest already raised two $200 million-plus rounds in 2013, including $225 million last October, a round that valued the company at $3.8 billion Read more...

More about Fundraising, Valuation, Pinterest, Business, and Startups

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

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