Pinterest Raises $367 Million, Valuing Startup at $11 Billion
Pinterest Raises $367M, Increasing Value to $11B
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Pinterest Inc. raised $367 million from investors and might get $211 million more in funding, the online scrapbooking startup said in a regulatory filing Monday.
Pinterest is taking investments that value the startup at $11 billion, the company said, more than doubling Pinterest’s value from $5 billion last May. New and existing investors are participating in the financing round, the company said.