Pinterest, which allows users to create online
bulletin boards based on various themes such as travel,
decorating, or sports, said in a statement it would use the
capital to invest in technology, develop its advertising program
further, and expand internationally.
Pinterest said it raised money from existing investors SV Angel,
Bessemer Venture Partners, Fidelity, Andreessen Horowitz,
FirstMark Capital, and Valiant Capital Partners.
The company last raised money in October 2013 at a $3.8 billion
valuation in a round led by Fidelity Investments.
News of the funding round was first reported by ReadWrite.
Pinterest said it has raised a total of $764 million so far from
the time of inception.
(Reporting by Mridhula Raghavan in Bangalore; Editing by Lisa
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