Pinterest Raises $200 Million at $5 Billion Valuation
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Pinterest Inc. raised $200 million in a funding round that gives the Web-scrapbooking startup a $5 billion valuation, up from $3.8 billion seven months ago.
The money came from existing investors, including SV Angel, Bessemer Venture Partners, Fidelity Investments, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners. The new round brings the total raised to $764 million, Pinterest said in an e-mailed statement yesterday.