Pinterest Valuation $1.5 Billion After Fresh Financing

Pinterest, an image-based social network, raised $100 million in a financing round that values the company at about $1.5 billion, according to a person with knowledge of the matter.

Pinterest, based in Palo Alto, California, will use the funds to develop country-specific sites, such as Pinterest China, said the person, who declined to be named because the plans aren’t public.