Pinterest worth $3.8 billion after massive funding round
Stick this on your board: Pinterest has closed a $225 million round of funding that now values the company at $3.8 billion, the startup confirmed to CNET. New investor Fidelity led the round with participation from existing investors Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital, and Valiant Capital Partners, Pinterest said.
The news, first reported by AllThingsD, comes just eight months after the social-networking site secured $200 million. At the time, it was valued at $2.5 billion.
"We hope to be a service that everyone uses to inspire their future, whether that's dinner tomorrow night, a vacation next summer, or a dream house someday," co-founder and CEO Ben Silbermann said in a statement shared with CNET. "This new investment enables us to pursue that goal even more aggressively."
