Pinterest raises $367 Million in the latest funding

What does Pinterest do?

Pinterest, is a social book marking site with a virtual pin board interface. It showcases the user’s interests. It is a planning and visual discovery too. people use Pinterest and apps for ideas about recipes, travelling places, which products to buy and save the things they like to their own board. They can also follow the boards of others who they find interesting.

Pinterest is a place where you can discover ideas for all your interests and projects, handpicked by people just like you. Now you can save creative ideas from around the web with just a click.

How much Pinterest was funded?

Pinterest has raised $367 M in Series G funding on March 16th, 2015 by Andreessen Horowitz and  Bessemer Venture Partners. With this latest round of funding Pinterest is valued at $11 billion, which makes it one of the most highly valued startup.

Previous funding

  • $500k  in Angel funding on Jan 1st 2010 by Michael Birch, FirstMark Capital, William Lohse/ $25k, New York Angels, Jack Abraham and Jeremy Stoppelman.
  • $10M  in Series A on May 7, 2011 by FirstMark Capital, Max Levchin, Jack Abraham, Bessemer Venture Partners, Kevin Hartz and Michael Birch
  • $27M  in Series B funding on Oct 7, 2011 by FirstMark Capital, Andreessen Horowitz and Bessemer Venture Partners
  • $100M  in Series C on May 17, 2012 by Andreessen Horowitz, Bessemer Venture Partners, Slow Ventures, Rakuten and FirstMark Capital.
  • $200M  in Series D on Feb 20, 2013 by Bessemer Venture Partners, FirstMark Capital, Andreessen Horowitz and Valiant Capital Partners
  • $225M  in  Series E on Oct 23, 2013 by FirstMark Capital Andreessen Horowitz, Bessemer Venture Partners, Fidelity Investments and Valiant Capital Partners
  • $200M in  Series F on May 15, 2014 byAndreessen Horowitz, Bessemer Venture Partners, Valiant Capital Partners, Fidelity Investments, FirstMark Capital and SV Angel

What is next for Pinterest?

The company aims to use its funds for its international expansion. International users increased more than 135% and now comprise 40% of all the users.

More about Pinterest

Pinterest was founded in 2009 by Ben Silbermann, Evan Sharp and Paul Sciarra.